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    <title>Inside MBS &amp; ABS</title>
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    <item>
      <title>Secondary Market Implications of New Credit Scores</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[MBS investors are likely to charge a pay-up for securities backed by mortgages underwritten with VantageScore — at least until they’re confident prepayment speeds won’t accelerate.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237549</guid>
      <pubDate>Thu, 21 May 2026 16:43:58 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237549-secondary-market-implications-of-new-credit-scores</link>
    </item>
    <item>
      <title>Bank MBS Holdings Rise in 1Q26, Investors Like Ginnie</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Some large banks repositioned their portfolios to favor Ginnie pass-throughs during the first quarter of 2026, and several regional banks closed mergers that grew their MBS holdings. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237516</guid>
      <pubDate>Thu, 21 May 2026 16:42:29 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237516-bank-mbs-holdings-rise-in-1q26-investors-like-gnma</link>
    </item>
    <item>
      <title>Loss-Mit Changes Reveal Ginnie Issuers’ Risk Exposure</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Ginnie Mae President Joe Gormley said changes to the loss-mitigation policies for loans backed by FHA and the Department of Veterans Affairs revealed that some issuers had higher exposure to riskier loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237538</guid>
      <pubDate>Thu, 21 May 2026 16:28:28 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237538-govt-loss-mit-changes-revealed-risk-exposure-in-ginnie-issuers</link>
    </item>
    <item>
      <title>What Does New Fed Chair Mean for the MBS Market?</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[New Fed Chair Kevin Warsh has long criticized the size of the Fed’s balance sheet, in particular, its massive holdings of agency MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237539</guid>
      <pubDate>Thu, 21 May 2026 16:25:29 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237539-what-does-warsh-mean-for-the-mbs-market</link>
    </item>
    <item>
      <title>Chase Deal Skews HEL Securitization in First Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Excluding a one-off $5.69 billion issuance from Chase, securitization of home equity loans declined during the first quarter. Activity involving closed-end second liens held up while HELOC issuance fell. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237536</guid>
      <pubDate>Thu, 21 May 2026 16:22:33 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237536-chase-deal-skews-hel-securitization-in-1q</link>
    </item>
    <item>
      <title>GSE Credit Box Funnels Business to Non-Agency Space</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Without much relief in sight for borrowers’ pockets, the industry expects growth in non-agency securitizations from loans priced with higher risk premiums by Fannie Mae and Freddie Mac.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237548</guid>
      <pubDate>Thu, 21 May 2026 16:21:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237548-gse-credit-box-funnels-business-to-non-agency-space</link>
    </item>
    <item>
      <title>Consumer ABS Performance Mixed Across Sectors</title>
      <author>sclark@imfpubs.com</author>
      <description>
        <![CDATA[The auto and unsecured loan sectors are facing headwinds, while the credit card sector has a more stable outlook.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237546</guid>
      <pubDate>Thu, 21 May 2026 16:20:36 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237546-consumer-abs-performance-shifts</link>
    </item>
    <item>
      <title>Industry Consolidation to Reduce Music ABS Issuance</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Consolidation among rights holders of music royalties will lead to less issuance but should boost deal performance as issuers will have more diversified asset pools, according to KBRA.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237545</guid>
      <pubDate>Thu, 21 May 2026 16:19:38 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237545-industry-consolidation-driving-down-music-abs-issuance</link>
    </item>
    <item>
      <title>Onity Cuts Size of MSR Deal With FoA on Ginnie Direction</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Onity revised the terms of its sale of home equity conversion mortgage servicing rights to Finance of America Reverse after receiving feedback from Ginnie Mae.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237472</guid>
      <pubDate>Thu, 14 May 2026 14:51:45 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237472-onity-restructures-reverse-msr-deal-with-foa</link>
    </item>
    <item>
      <title>GSEs Increase CRT Issuance in 1Q Despite Headwinds</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Fannie Mae and Freddie Mac each issued two CRT transactions during the first quarter of 2026, including deals in March amid broader economic volatility. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237467</guid>
      <pubDate>Thu, 14 May 2026 14:41:01 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237467-gses-increase-crt-issuance-in-1q-despite-headwinds</link>
    </item>
    <item>
      <title>Issuers Filling Non-Agency MBS With Called Loans</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency MBS stocked with loans called from previous issuance could provide attractive opportunities for investors, according to Goldman Sachs.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237464</guid>
      <pubDate>Thu, 14 May 2026 14:32:07 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237464-non-agency-mbs-backed-by-loans-called-from-expanded-credit-mbs</link>
    </item>
    <item>
      <title>Oppenheimer Settles With FINRA Over CMO Mislabeling </title>
      <author>sclark@imfpubs.com</author>
      <description>
        <![CDATA[For two decades, the global investment firm allegedly mislabeled collateralized mortgage obligations issued by private entities as government or corporate bonds.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237466</guid>
      <pubDate>Thu, 14 May 2026 14:30:12 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237466-oppenheimer-settles-with-finra-on-cmo-marketing</link>
    </item>
    <item>
      <title>Kin Insurance Sees Strong Demand for Catastrophe Bond</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Kin Insurance issued a $335 million catastrophe bond last week, its largest offering to date.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237479</guid>
      <pubDate>Thu, 14 May 2026 14:29:11 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237479-kin-insurance-closed-its-largest-ever-catastrophe-bond</link>
    </item>
    <item>
      <title>Aviation ABS Insulated From Spirit Airlines’ Abrupt Closure</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Aircraft-lease ABS generally have low exposure to Spirit Airlines, and planes tied to Spirit are expected to be re-leased with little issue due to strong demand in the market.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237473</guid>
      <pubDate>Thu, 14 May 2026 14:28:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237473-aviation-abs-expected-to-fly-high-even-as-spirit-shutters</link>
    </item>
    <item>
      <title>American Airlines Secures $1.1 Billion in Aircraft Financing</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[American Airlines generated about $1.1 billion from the sale of enhanced equipment trust certificates. It will use the proceeds to purchase 17 new aircraft and refinance loans on 15 older aircraft.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237468</guid>
      <pubDate>Thu, 14 May 2026 14:27:16 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237468-american-secures-11-billion-in-aircraft-financing</link>
    </item>
    <item>
      <title>FICO vs VantageScore: The Gloves Come Off</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[FICO’s CEO argued that VantageScore isn’t gaining much traction in the MBS and ABS markets, and that the only way the score will take share with GSE mortgages will be if lenders game the system.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237410</guid>
      <pubDate>Thu, 07 May 2026 17:27:19 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237410-fico-vs-vantagescore-the-gloves-come-off</link>
    </item>
    <item>
      <title>GSE Spec-Pool Share Rises in 1Q, Florida Story Favored</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[A handful of GSE specified-pool categories based on maximum loan amounts saw increased production in the first quarter, as did MBS backed by investor loans. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237393</guid>
      <pubDate>Thu, 07 May 2026 16:29:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237393-gse-spec-pool-share-rises-in-1q26-florida-story-favored</link>
    </item>
    <item>
      <title>DQs on Second-Liens Rising Faster Than Expected</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Fitch placed a “deteriorating” outlook on the securitized second-lien market due to rising delinquencies. However, the rating service said that the sector is still performing within its base case expectations.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237413</guid>
      <pubDate>Thu, 07 May 2026 16:27:54 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237413-dqs-on-second-lien-loans-rising-faster-than-expected</link>
    </item>
    <item>
      <title>MSR Financing Trends Vary by Servicer Size</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Some large servicers are using securitizations for MSR financing while mid-size and smaller servicers stick with bilateral agreements.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237422</guid>
      <pubDate>Thu, 07 May 2026 16:27:25 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237422-msr-financing-trends-vary-by-servicer-size</link>
    </item>
    <item>
      <title>Ginnie Staves Off Buyout Risk on FHA Loans</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Ginnie altered its reporting guidelines so issuers wouldn’t have to remove large volumes of delinquent loans from MBS all at once. Goldman Sachs analysts warned that the can has just been kicked down the road.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237401</guid>
      <pubDate>Thu, 07 May 2026 16:26:27 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237401-ginnie-staves-off-buyout-risk-for-now</link>
    </item>
    <item>
      <title>How the GSEs Can Boost Small-Balance Mortgages</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Policies put in place during the pandemic prevent many small banks and credit unions from selling small-balance loans to the GSEs, which constrains mortgage lending in rural and low-income communities.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237415</guid>
      <pubDate>Thu, 07 May 2026 16:25:29 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237415-how-the-gses-can-boost-sbls</link>
    </item>
    <item>
      <title>Expanded-Credit MBS Protected From Home Price Shift</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[With softening home price appreciation, expanded-credit MBS might not see loss severities increase thanks to low LTV ratios at issuance.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237400</guid>
      <pubDate>Thu, 07 May 2026 16:22:32 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237400-expanded-credit-mbs-likely-wont-take-losses-as-home-price-appreciation-slows</link>
    </item>
    <item>
      <title>Capital Shortfalls Unaffected by GSE Profits</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Even with strong earnings the GSEs are making little progress on meeting stringent capital levels set during the first Trump administration.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237425</guid>
      <pubDate>Thu, 07 May 2026 16:21:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237425-capital-shortfalls-unaffected-by-gse-profits</link>
    </item>
    <item>
      <title>VantageScore Impact on MBS Market Likely Minimal</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[For MBS investors, the biggest complication in the GSEs’ implementation of VantageScore 4.0 is likely loan-level pricing adjustments.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237332</guid>
      <pubDate>Thu, 30 Apr 2026 17:50:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237332-vantagescore-impact-on-mbs-market-likely-minimal</link>
    </item>
    <item>
      <title>GSE Portfolio Strategies Diverge in First Quarter</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Fannie Mae expanded its portfolio by adding both whole loans and MBS, while Freddie Mac cut whole loans as it added MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237339</guid>
      <pubDate>Thu, 30 Apr 2026 17:50:33 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237339-gse-portfolio-strategies-diverge</link>
    </item>
    <item>
      <title>Ginnie Provides Relief to Servicers for FHA Loans</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[The agency will exclude FHA mortgages on trial payment plans when calculating an issuer’s delinquency ratio.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237351</guid>
      <pubDate>Thu, 30 Apr 2026 17:48:37 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237351-ginnie-adjusts-dq-reporting-for-loss-mitigation-changes</link>
    </item>
    <item>
      <title>Appeals Court Reverses Ruling on ERISA Liability</title>
      <author>sclark@imfpubs.com</author>
      <description>
        <![CDATA[The Second Circuit Court of Appeals altered some of its original findings in a lawsuit dealing with MBS liability under the Employee Retirement Income Security Act.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237348</guid>
      <pubDate>Thu, 30 Apr 2026 17:47:39 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237348-appeals-court-reverses-ruling-on-erisa-liability</link>
    </item>
    <item>
      <title>CLO Issuance Starts Slow in 2026, CRE Volume Rising</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Much of the first-quarter decline in CLO issuance came from a sharp slowdown in reset and refinance transactions. Meanwhile, issuance backed by commercial real estate is having a moment.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237321</guid>
      <pubDate>Thu, 30 Apr 2026 17:46:40 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237321-clo-issuance-starts-slow-in-2026-cre-volume-rising</link>
    </item>
    <item>
      <title>New Expanded-Credit MBS Issuer; Blackstone Returns</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Itasca Park issued its first non-agency MBS issuance this week and Blackstone made its return to the non-agency MBS market as an issuer.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237350</guid>
      <pubDate>Thu, 30 Apr 2026 17:45:44 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237350-new-expanded-credit-mbs-issuer-blackstone-returns</link>
    </item>
    <item>
      <title>Upstart Teams Up With Centerbridge for Forward-Flow Deal</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[The new partnership adds a new funding channel for Upstart’s growing unsecured consumer loan originations.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237341</guid>
      <pubDate>Thu, 30 Apr 2026 17:44:46 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237341-upstart-teams-with-centerbridge-for-forward-flow-deal</link>
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