Congress should act now, while the economy is relatively stable, to create a liquidity facility for Ginnie servicers, rather than plugging holes when the ship is sinking, speakers at an industry event said.

Commercial banks and savings institutions increased their holdings of ABS by 16.0% on an annual basis as of the end of June. The portfolios hit a level last seen in early 2024. (Includes two data tables.)

Commercial banks reported a small decline in structured finance assets backed by commercial and industrial loans, mostly from declining held-to-maturity accounts. Experts say bank CLO holdings in loan format continue to grow. (Includes data table.)

Several themes emerged from the feedback the Securities and Exchange Commission received in response to its concept release on changes to Reg. AB2 disclosure standards for publicly-registered deals.

The Western Alliance Bank subsidiary has been offloading its agency-eligible production to other issuers.

United Wholesale Mortgage was the top seller of agency purchase loans last month, while Rocket Mortgage topped in agency refinances. (Includes two data tables.)

The document briefly available on the Federal Register late last week described the creation of a new division at Ginnie Mae to address the need for greater data and market analysis.

The trade group envisions a modern records retrieval system that eliminates the need to move the loan documents associated with mortgages that collateralize both agency MBS and non-agency MBS.

Rating services are preparing rating criteria that will consider the impact of loans underwritten using VantageScore 4.0 and FICO 10T.

Despite a presidential directive to buy more MBS, the GSEs’ combined MBS holdings have declined for three straight months.