Ratings for MBS with residential transition loans are helping to increase investor demand.

The new credit card late fee rule could increase charge-offs and lead to tighter credit card underwriting standards.

Investors have shown increasing demand for ABS with home improvement loans and other esoteric assets.

The impact climate change-related natural disasters are having on the property insurance sector is not limited to Texas, according to experts.

Production of expanded-credit mortgages declined 16.9% last year, while total first-lien originations dropped 40.6%.

The REIT associated with Angel Oak companies reported a profit for 2023 after taking losses in the prior year.

Pooja Pathak, a director at Metlife, an insurance company, said more non-QM assets are needed to meet demand from insurance companies, which are willing to pay a premium for the product.

Originations of expanded-credit mortgages declined at a slower pace than total first-lien originations last year. Citi was the top ECM lender in 2023 even though its production was off 8.3% from a year ago. (Includes data table.)

Insurance companies and European investors have shown a growing interest in MBS backed by expanded-credit mortgages. However, there is not enough supply to meet demand.

Ed DeMarco, the former acting director of the FHFA, was among a handful of panelists at the SFVegas conference this week who called for more standardization in the non-agency MBS market.