Presidential candidate Elizabeth Warren has flagged concerns about the issuer-pays model used by credit rating agencies for securitized products. She said the SEC hasn’t done enough to address the conflicts of interest tied to the model.

Low interest rates, along with better alignment of incentives between issuers and investors, are helping boost demand for securitized assets.

Market participants are finding it difficult to move away from LIBOR in the absence of an alternative rate and because of document-related issues.

For the third straight year, in 2018, marketplace lenders held the top spot in the unsecured personal lending space. Meanwhile the share of banks dropped to 28%.

A whole business securitization from TGI Friday’s was downgraded by Kroll Bond Rating Agency. Meanwhile, two such deals hit the market.

The largest for-profit performing rights organization is set to issue a whole business ABS. SESAC’s clients include Bob Dylan and Adele.

Issuance of whole-business ABS is on track to break a record this year, with $4.6 billion in volume at halfway mark. Issuers include fast food companies, aftermarket car services and spa services.

Securitization of single-family rental mortgages has slowed, with of the largest issuers of the product recently tapping outside funding.

A recent court ruling in the case of Powell v. Ocwen Financial could significantly expand liability for non-agency MBS participants by subjecting MBS transactions to the Employee Retirement Income Security Act.