The trade group is concerned about a theory presented by plaintiffs that would make a directed institutional trustee liable for distribution and reserve decisions assigned by the governing instrument to others.

The Credit Union Investment Authority Act, introduced in the House last month, would allow credit unions to invest in ABS.

The SEC is delaying when disclosures will be made regarding publicly registered ABS shelf registration statements.

The agency likened the new deduction to interest deductions for mortgages while declining a request for additional information.

A conservative think-tank economist argues that the Fed should reduce its MBS holdings to support a more affordable housing market.

Freddie saw a big increase in Supers issuance in the second quarter, while Fannie production was flat. Fannie, however, was the only agency with an increase in REMIC/CMO production. (Includes two data tables.)

Most of the increase in banks’ MBS investment was in Ginnie Mae pass-throughs, which grew a modest 1.5% from the first quarter. Holdings of non-agency securities declined. (Includes two data tables.)

The agency is working on a project to track issuers’ final certifications as the latest stage of its loan-level transformation initiative.

The proposal would add two new provisions regarding ABS qualification under the NAIC’s principles-based bond definition.