Itasca Park issued its first non-agency MBS issuance this week and Blackstone made its return to the non-agency MBS market as an issuer.

The new partnership adds a new funding channel for Upstart’s growing unsecured consumer loan originations.

Federal student loan program changes will take effect in July, impacting student loan ABS.

Total ABS issuance reached its second-highest quarterly total in the first three months of 2026. Securitization of auto loans and data-center revenue were key factors. (Includes three data tables.)

The value of agency MBS declined sharply following the start of the war with Iran. More recently, volatility has declined, prompting some major agency MBS investors to see continued promise in the assets.

Issuers are increasingly delivering GSE-eligible owner-occupied mortgages to non-agency MBS in a bid to diversify liquidity.

Fannie Mae and Freddie Mac appear to be buying more MBS at times when spreads widen. They’re also hedging the purchases with interest rate swaps, according to industry participants.

The comment period on a concept release from the SEC to revise disclosure requirements on MBS and ABS closed in December. Since then, SEC officials have held a number of meetings with industry groups.

Ginnie Mae attributed the rapid increase in severe FHA delinquencies to FHA’s trial payment plans rather than weakening performance.

Democrats questioned the risk-management effects of CRT at Fannie Mae and Freddie Mac under FHFA Director Bill Pulte.