Cart

Inside MBS & ABS

February 22, 2024

View Archived Issues

Bank MBS Holdings Buoyed by Late-Year Rise in Values

Nearly all the top bank MBS investors reported gains in the value of their portfolios during the fourth quarter, but values remain well below amortized cost. Ginnie MBS saw the biggest gain. (Includes two data tables.) Read More

Agency REMIC Volume Up, Supers Market Normalizes

Issuance of GSE Supers MBS remained elevated in the fourth quarter, although down significantly from the previous period. Ginnie remains king of the agency REMIC market. (Includes two data tables.) Read More

Non-QM Prices Improve but EPDs Might Be an Issue

Secondary market prices are firming up for non-QM whole loans, but there is chatter among investors that early-stage delinquencies are on the rise. A blip on the radar screen or something else? Read More

Steady Issuance Expected for Home-Improvement ABS

Issuance of home-improvement securitizations came in at $3.5 billion in 2023, according to Kroll Bond Rating Agency. Some of that volume was in privately-rated deals that haven’t been disclosed to this point. Read More

Subprime Auto ABS Subject to Ratings Downgrades, S&P Says

S&P Global Ratings projects prime auto loan ABS ratings to remain stable to positive in 2024, but subprime auto ABS ratings could drop. Read More

Capital One Announces Plan to Buy Discover for $35B

The potential merger of the two credit card companies will result in significant consolidation in bank credit card portfolios and a new market leader. Read More

Wells Fargo to Issue $500 Million Credit Card ABS

The AAA-rated credit card ABS was issued by WF Card Issuance Trust, a de-linked credit card receivables-backed trust sponsored by Wells Fargo. Read More

Toorak Markets First Rated RTL Securitization

Morningstar DBRS assigned a preliminary A rating to the deal that includes 370 short-term loans with a principal balance of $158.4 million. Read More

SEC Identifies Deficiencies Among Credit Rating Firms

Some of the deficiencies highlighted across the credit rating agencies are of a critical nature. Read More

U.S. Bank Partners With Pagaya for Personal Loans

The consumer loans originated through this partnership will be acquired by Pagaya for securitization purposes. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results