Residuals from securitizations can generate close to 20% in returns though the asset class carries significant risks. Nonbanks are showing a strong appetite for the asset, but there is limited liquidity.

Upgrade is getting into auto loan ABS issuance and Imprint Payments is set to issue its first credit card ABS.

Rocket is set to issue its second consumer loan ABS; Golub Capital issues rare long-duration CLO; large jumbo MBS from Chase; ratings performing as expected.

Industry participants favor a proposal from the Federal Housing Finance Agency to repeal fair lending oversight of Fannie, Freddie and FHLBanks. Consumer advocates, meanwhile, were sharply critical.

Equifax is taking actions to increase adoption of VantageScore 4.0.

Kashkari cited data centers as an investment that appears to be offering stronger returns to investors rather than building homes or apartment buildings.

McKernan is expected to play a major role in efforts to reform the government-sponsored enterprises.

The proposal, if implemented, will largely benefit a subset of banks that don’t meet HMDA reporting requirements yet do receive at least 50 applications for mortgages per year.

The net share of consumers who think interest rates will decline in the next 12 months was only 2% in September.

By eliminating its bank holding company, Flagstar Bank will drop the Federal Reserve as a regulator.