Delinquencies on auto loan ABS are increasing, with additional hikes expected, particularly for subprime deals.

S&P has seen several proposals for ABS similar to the $188 million deal Ledn issued in February tied to loans secured by bitcoin holdings.

SEC proposes to exempt MBS, ABS from Rule 15c2-11; Amherst offering single-family rental securitization; Morningstar offers “bring your own loan” rating analysis; subprime MBS from 1999 downgraded.

The two largest bank ABS investors, TD Bank and Bank of America, accounted for virtually all of the industry’s fourth-quarter growth in non-mortgage ABS. (Includes two data tables.)

Since the U.S. initiated strikes on Iran, mortgage rates and MBS spreads have given up all the ground they gained from the Trump administration’s directive for the GSEs to purchase $200 billion in agency MBS.

Most mortgage REITs took advantage of strong MBS fundamentals to increase their agency holdings in the fourth quarter. While some REITs are drawn to the surging non-QM sector, industry holdings of non-agency MBS fell last year. (Includes two data tables.)

The potential rule change would allow banks to redesignate MBS holdings from held-to-maturity to available-for-sale.

Investors are showing increased interest in securitizations of traditional home equity loans and home equity investments.

There was strong investor interest in Redwood Trust’s first issuance through the Aspire shelf, which focused on expanded-credit mortgages.

The investors claim the warehouse lenders and underwriters were aware of fraud at Tricolor, but ignored the warnings.