The $525 million ABS backed by private loans was placed exclusively with funds and accounts managed by PGIM.

The fund will invest in subordinate asset tranches of ABS.

Deals backed by leases and loans to consumers to buy cars and other vehicles continued to set the pace in ABS issuance last year. But the only sector to see increased volume in the fourth quarter was ABS backed by unsecured consumer loans. (Includes three data tables.)

The settlement comes after the Supreme Court refused to hear a case in which the Third Circuit found that NCSLT were a “covered person” under the Dodd-Frank Act and subject to the CFPB’s oversight.

TRACE trade data on non-agency CMOs isn’t released until 18 months after the transaction, leaving customers at the mercy of dealers when it comes to pricing information.

The deal differs from other fiber ABS in that it’s backed by enterprise fiber instead of retail or bulk fiber networks.

Trump has nominated Bill Pulte to be director of the Federal Housing Finance Agency; Fitch upgrades master servicer rating on Mr. Cooper; new ABS issuer.

Many analysts are projecting increases for issuance of MBS and ABS in 2025. Delinquencies are also expected to rise, though not to troublesome levels.

DOJ sees no issues for MBS, ABS from new rule restricting foreign access to Americans’ personal data; Momnt Technologies 2023 ABS issuance facing performance issues; Redwood rebrands prime residential mortgage aggregation unit to match MBS shelf.

Agency pass-through MBS remain the most popular asset in bank holding company trading accounts, but there was a sharp increase in agency multifamily securities during the third quarter.