Issuers of utility recovery bonds want the SEC to treat the asset as corporate bonds. They raised concerns about a recent flip by the SEC to treat URBs as ABS, though the SEC notes that it has considered some URBs to be ABS for years.

The sentiment among investors at the ABS East conference this week was overwhelmingly positive. Attendance at the event hit a record, and investor demand for MBS and ABS is expected to remain strong into 2026, buoyed by anticipated interest rate cuts by the Fed.

Upgrade is getting into auto loan ABS issuance and Imprint Payments is set to issue its first credit card ABS.

California and Massachusetts are the latest states to consider securitization as a way to reduce consumer energy bills.

The Securities and Exchange Commission will be seeking feedback next month on ways to boost issuance of publicly-registered MBS and ABS.

Both lenders’ inaugural deals were oversubscribed, helping to diversify the companies’ capital sources.

The securitizations will pay off older ABS from the issuers. Rating services had largely positive things to say about the deals.

While primarily known for mortgages, Rocket has been originating consumer loans since 2016. The loans are originated in partnership with Cross River Bank, providing federal preemption of state laws.

It’s the first auto loan ABS with loans aggregated from multiple credit unions. Alloya is a corporate credit union that provides services to more than 1,300 credit unions and other entities.

The auto loan ABS comes even as U.S. Bank scales back its auto lending and servicing.