Four rated deals have been issued in recent months. Morningstar established rating criteria for HEI securitizations late last year.

The new ratings methodology would bring ratings for private student loan ABS in line with ratings for other consumer-backed ABS.

Consumers are showing increased optimism about the housing market, but supply challenges and interest rates hurt affordability levels.

Some $9.71 billion of conforming jumbos were included in GSE MBS issued during the second quarter.

Investors act differently than owner-occupants in terms of servicing-related decisions.

The non-agency securitization market for closed-end seconds has grown substantially in the past year as lenders look to expand their product offerings with refinance business limited.

JPMorgan Chase, once again, was the top non-agency MBS issuer in the quarter...

An uptick in securitization of jumbo and GSE-eligible loans helped increase total non-agency MBS issuance in the second quarter. (Includes data tables.)

The $2.5 billion cap for Freddie’s pilot program to buy closed-end seconds should limit impact on the non-agency secondary market. But industry players worry about the long-term risks if the pilot is successful.

Servicers must adjust their thinking on delinquencies, reserves and collections when the borrower is an investor rather than an occupant.