New issuance of non-mortgage ABS increased in most major product categories during the second quarter of 2015, although a slowdown in floorplan deals dampened the party slightly. The ABS market generated $54.15 billion in new issuance during the second quarter, a gain of 5.8 percent from the first three months of 2015. It was the strongest new issuance figure since the financial market meltdown, with the previous high ($54.22 billion) coming in the third quarter of 2007. ABS issuance has climbed...[Includes two data tables]
JPMorgan Chase has released an expansive look into third-party due diligence findings on a pending jumbo MBS under new disclosure requirements from the Securities and Exchange Commission. The increased loan-level disclosures could boost investor confidence in new non-agency MBS. Documents filed through the SEC’s electronic system and posted on the agency’s website include detailed, loan-level reports from three due diligence firms that examined mortgages set to be included in JPMorgan Mortgage Trust 2015-4. American Mortgage Consultants, a due diligence provider, said...
ABS issuance has climbed steadily since bottoming out in 2010, and this year is on track to exceed $200 billion in annual issuance for the first time in eight years.
According to IMF’s exclusive ranking, Cenlar ranked first among all subservicers at the end of the first quarter with an estimated $252 billion of contracts...
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