Fitch has downgraded 37% of the airline ABS it rates. Kroll and S&P also recently conducted sweeping downgrades. The rating services said air travel isn’t expected to recover until 2023 at the earliest.

Issuance in the MBS and ABS markets seems to be humming along with tighter spreads. But industry participants warn investors should beware of over-optimism.

Issuance of ABS tied to marine container leases set sail in August, with the sector producing more volume in recent weeks than all of 2018 and 2019 combined.

The Federal Reserve’s lending program is credited with helping the MBS and ABS sector even though investor demand is falling short of expectations.

The underlying pool includes prime unsecured consumer loans from Lend-ingClub that were selected using machine learning.

The debt market has been a welcoming place for all sorts of issuers of late. The latest participant: MGIC Investment Corp.

Loans backing securitized products are holding up fairly well even though the use of forbearance has increased. A combination of investor protections and changes in underwriting practices is helping.

With rates at rock bottom, LendingTree is selling $500 million worth of short-term corporate paper. Not bad for a loan broker.

The bulk of loans from the July 6 Term ABS Loan Facility have gone to investors in legacy commercial MBS.

The consumer ABS sector is in recovery mode after hitting a rough patch due to the coronavirus pandemic, according to comments made during a recent webinar.