Fed researchers quantify the effect of BTFP’s use of par valuations for collateral during the 2023 banking crisis.

JPMorgan Chase held the largest CLO portfolio in the banking industry at the end of March, but its investment was down from the previous period. (Includes data table.)

Computershare recently started offering trustee services for MBS. Western Alliance was named as a trustee for a CLO deal.

Production of new collateralized loan obligations as well as reset transactions in the first quarter of 2024 hit the highest level since the market reached all-time highs in 2021.

KBRA found that new multifamily construction could increase risks for MBS concentrated in certain cities.

The Ellington Financial affiliate is ditching agency MBS to become a registered closed-end fund with a focus on CLO investments.

CLO issuance is expected to go up in 2024, although securitization of commercial real estate faces persistent problems in the underlying market. (Includes two data tables.)

More punitive capital treatment of commercial real estate under Basel III could prove to be a boon for CMBS issuance.

In 2024, limited liability companies and certain other entities will have to begin reporting beneficial ownership information to the Financial Crimes Enforcement Network. ABS issuers will generally be covered by the requirements but CLO issuers will not.

In addition to a significant increase in CLO refinancing and restructuring, issuance of new CRE deals was up smartly in the third quarter. (Includes two data tables.)