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    <title>Ratings</title>
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    <item>
      <title>S&amp;P Seeing Interest From Issuers for Bitcoin-Loan ABS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[S&P has seen several proposals for ABS similar to the $188 million deal Ledn issued in February tied to loans secured by bitcoin holdings.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236991</guid>
      <pubDate>Thu, 19 Mar 2026 17:04:03 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236991-s-and-p-seeing-interest-from-issuers-for-bitcoin-loan-abs</link>
    </item>
    <item>
      <title>U.S. Bank Offers CRT Tied to Loans for RVs, Boats</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The $562.5 million offering is linked to a pool of loans with a total unpaid principal balance of $5.0 billion.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236923</guid>
      <pubDate>Thu, 12 Mar 2026 16:29:45 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236923-us-bank-offers-crt-tied-to-loans-for-rvs-boats</link>
    </item>
    <item>
      <title>Music ABS Issued in 2024 on Watch for Downgrade</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Kroll Bond Ratings Agency placed a 2024 transaction issued by Kobalt Music on watch for a potential downgrade because of the flagging performance of the underlying assets.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236918</guid>
      <pubDate>Thu, 12 Mar 2026 16:28:49 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236918-somebodys-watching-music-abs</link>
    </item>
    <item>
      <title>Grapevine: Ledn Issues Bitcoin-Loan ABS; Fire at SFVegas Venue</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Ledn issues ABS backed by Bitcoin loans; fire at SFVegas prompts shift in exhibit hall; banks seek enhanced capital relief for CRTs; Fitch launches group for private ratings; Upstart sells auto loans to Bayview.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236792</guid>
      <pubDate>Thu, 26 Feb 2026 16:39:04 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236792-grapevine-ledn-issues-bitcoin-loan-abs-fire-in-exhibit-hall-at-sfvegas</link>
    </item>
    <item>
      <title>Ledn Offers Bitcoin Loan Securitization, a First</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The ABS is backed by 5,441 fixed-rate balloon loans tied to bitcoin holdings. The loans have an outstanding balance of $199.1 million. There are concerns about rising LTV ratios as the value of bitcoin drops.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236666</guid>
      <pubDate>Thu, 12 Feb 2026 16:36:39 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236666-ledn-offers-bitcoin-loan-securitization-a-first</link>
    </item>
    <item>
      <title>Hooters Whole-Business Deal Cancelled in Bankruptcy</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[In a first-of-its kind ruling, a bankruptcy court ordered a 2021 whole-business securitization from Hooters Restaurant Group to be cancelled and essentially re-issued.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236454</guid>
      <pubDate>Thu, 22 Jan 2026 15:41:56 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236454-hooters-whole-business-deal-cancelled-in-bankruptcy</link>
    </item>
    <item>
      <title>Grapevine: Bank Shifting Loan Holdings to MBS; Solar ABS Update</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[WaFd Bank replacing whole-loan holdings with MBS; solar ABS on downgrade watch; dv01 expands into credit card ABS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236452</guid>
      <pubDate>Thu, 22 Jan 2026 15:38:03 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236452-grapevine-bank-shifting-loan-holdings-to-mbs-solar-abs-under-pressure</link>
    </item>
    <item>
      <title>KBRA Sets Data Center Rating Criteria</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[KBRA introduced a new ABS rating methodology for data centers and Fitch updated its ratings criteria for equipment lease and loan ABS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236407</guid>
      <pubDate>Thu, 15 Jan 2026 16:08:35 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236407-changes-to-rating-methodologies-shake-up-abs-sector</link>
    </item>
    <item>
      <title>ABS Issuance Expected to Hit Another Post-Crisis High</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Kroll Bond Rating Agency expects new ABS issuance volume to increase by 5% from 2025 to 2026.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236267</guid>
      <pubDate>Fri, 02 Jan 2026 10:08:17 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236267-abs-issuance-expected-to-grow-in-2026</link>
    </item>
    <item>
      <title>Tricolor Leaders Charged With Fraud; ABS Falter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The DOJ has filed charges against four former Tricolor executives for defrauding finance providers and ABS investors by double-pledging collateral and manipulating collateral characteristics.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236198</guid>
      <pubDate>Thu, 18 Dec 2025 16:03:17 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236198-tricolor-leaders-charged-with-fraud-abs-falter</link>
    </item>
    <item>
      <title>Losses on Auto ABS Pile Up; Investors Adjust</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Losses on auto loan ABS are near record levels. Still, there are pockets of opportunity for savvy investors.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236169</guid>
      <pubDate>Thu, 18 Dec 2025 16:01:19 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236169-losses-on-auto-abs-pile-up-in-october</link>
    </item>
    <item>
      <title>SEC Asked to Rescind Disclosures for Unsolicited Ratings</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The request came from the CRE Finance Council, the Mortgage Bankers Association and the Securities Industry and Financial Markets Association. The groups said the disclosure requirements have negatively impacted the commercial MBS market.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235956</guid>
      <pubDate>Thu, 20 Nov 2025 16:21:46 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235956-sec-asked-to-rescind-disclosures-for-unsolicited-ratings</link>
    </item>
    <item>
      <title>Grapevine: Rocket Back With ABS; Long-Duration CLO</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[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.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235567</guid>
      <pubDate>Thu, 09 Oct 2025 17:08:54 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235567-rocket-back-with-consumer-loan-abs-long-duration-clo</link>
    </item>
    <item>
      <title>Tricolor ABS Downgraded Following Bankruptcy</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Downgrades of securities issued by the subprime auto lender highlight the challenges ABS investors can experience working with loan originators who also service their own production.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235511</guid>
      <pubDate>Thu, 02 Oct 2025 16:43:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235511-tricolor-abs-downgraded-following-bankruptcy</link>
    </item>
    <item>
      <title>Grapevine: Jumbo MBS Downgraded; Loss on MBS Sale</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[KBRA downgrades jumbo MBS issued by JPMorgan Chase in 2015; Community Bank sells MBS holdings at a loss; Morningstar details private-rating share.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235258</guid>
      <pubDate>Thu, 04 Sep 2025 16:10:46 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235258-grapevine-jumbo-mbs-downgraded-bank-takes-loss-on-mbs-sale</link>
    </item>
    <item>
      <title>Fintech Underwriting Boosting ABS Market</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Economists find that the ability of fintechs to incorporate alternative data into their underwriting allows them to expand their borrower base while at the same time reducing defaults and delinquencies.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234881</guid>
      <pubDate>Thu, 24 Jul 2025 16:41:39 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234881-is-fintech-underwriting-better</link>
    </item>
    <item>
      <title>Differences in Private Ratings Prompt Dispute</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Rating services disagree over the validity of a National Association of Insurance Commissioners report that highlighted differences in private ratings based on the size of the ratings provider.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234399</guid>
      <pubDate>Thu, 29 May 2025 16:00:11 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234399-differences-in-private-ratings-prompts-dispute</link>
    </item>
    <item>
      <title>Grapevine: Prefunded HELOC ABS; CMBS Servicer Downgraded</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[First-of-its-kind HELOC ABS from Figure; Morningstar downgrades assessment of Torchlight Loan Services; ABS roundup.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234157</guid>
      <pubDate>Thu, 01 May 2025 15:38:29 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234157-grapevine-prefunded-heloc-securitization-cmbs-servicer-downgraded</link>
    </item>
    <item>
      <title>S&amp;P, Fitch Consider Revisions to Rating Criteria</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[A proposal from S&P would have a wide-ranging impact on ratings of commercial MBS. Fitch is also considering allowing data center ABS to carry additional leverage.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233689</guid>
      <pubDate>Thu, 13 Mar 2025 15:07:42 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233689-s-and-p-fitch-consider-revisions-to-rating-criteria</link>
    </item>
    <item>
      <title>Uniti to Issue Its First ABS, Enterprise Fiber</title>
      <author>sclark@imfpubs.com</author>
      <description>
        <![CDATA[The deal differs from other fiber ABS in that it’s backed by enterprise fiber instead of retail or bulk fiber networks.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233198</guid>
      <pubDate>Thu, 16 Jan 2025 16:05:32 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233198-uniti-releases-first-abs-issuance</link>
    </item>
    <item>
      <title>Grapevine: DOJ Clarifies Data Rule; Momnt ABS on Watch</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[DOJ sees no issues for MBS, ABS from new rule restricting foreign access to Americans’ personal data; Momnt Technologies 2023 ABS issuance facing performance issues; Redwood rebrands prime residential mortgage aggregation unit to match MBS shelf.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233136</guid>
      <pubDate>Thu, 09 Jan 2025 15:36:28 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233136-grapevine-doj-clarifies-personal-data-rule-momnt-abs-on-watch</link>
    </item>
    <item>
      <title>Moody’s Revises Student Loan ABS Rating Criteria</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The changes are focused on rating criteria for private student loans and will have a mixed impact on outstanding deals. Industry had raised concerns about the proposal, but Moody’s pushed forward.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232988</guid>
      <pubDate>Thu, 19 Dec 2024 17:02:49 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232988-moodys-revises-student-loan-abs-rating-criteria</link>
    </item>
    <item>
      <title>TGI Fridays’ Troubles Impacting Whole-Business ABS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[S&P downgraded its ratings of a whole-business securitization from TGI Fridays, noting that cash flows are plummeting and the deal looks likely to default by early 2025.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232623</guid>
      <pubDate>Thu, 07 Nov 2024 16:23:02 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232623-tgi-fridays-troubles-impacting-whole-business-abs</link>
    </item>
    <item>
      <title>CMBS Facing Most Pressure in MBS and ABS Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Delinquencies are projected to increase across asset classes, though some sectors will be hit harder than others.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232280</guid>
      <pubDate>Thu, 03 Oct 2024 16:28:37 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232280-cmbs-facing-most-pressure-in-mbs-and-abs-market</link>
    </item>
    <item>
      <title>S&amp;P Holds Top Spot in ABS Ratings, Fitch Leads in MBS</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Rated ABS issuance was relatively flat in the second quarter. In the non-agency MBS market, rated production was buoyed by the surging home-equity sector. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231994</guid>
      <pubDate>Thu, 26 Sep 2024 16:35:18 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231994-s-and-p-holds-top-spot-in-abs-ratings-fitch-leads-in-mbs</link>
    </item>
    <item>
      <title>Student Loan ABS Unaffected by Navient Ban</title>
      <author>sclark@imfpubs.com</author>
      <description>
        <![CDATA[As per a consent order with the CFPB, Navient has agreed to pay $120 million in restitution and fines and permanently exit federal student loan servicing.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232137</guid>
      <pubDate>Thu, 19 Sep 2024 16:22:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232137-student-loan-abs-likely-unaffected-by-cfpbs-ban-of-navient</link>
    </item>
    <item>
      <title>NAIC Proposal on Credit Rating Alteration Stalls</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[A task force at the National Association of Insurance Commissioners recommended adoption of a proposal to alter credit ratings on investments at insurance companies. However, NAIC didn’t move forward with the proposal at a meeting last week.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231905</guid>
      <pubDate>Thu, 22 Aug 2024 16:53:47 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231905-naic-proposal-on-credit-rating-alteration-stalls</link>
    </item>
    <item>
      <title>Moody’s Proposes Changes to Student Loan ABS Criteria</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[The new ratings methodology would bring ratings for private student loan ABS in line with ratings for other consumer-backed ABS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231518</guid>
      <pubDate>Thu, 11 Jul 2024 16:02:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231518-moodys-proposes-changes-to-student-loan-securitization-ratings-methodology</link>
    </item>
    <item>
      <title>Banks Accelerate CRT Issuance With Auto Loans</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Ally Bank, Huntington National Bank and Santander Bank are in the market with credit-linked notes tied to auto loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231329</guid>
      <pubDate>Thu, 20 Jun 2024 17:33:53 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231329-banks-accelerate-crt-issuance-with-auto-loans</link>
    </item>
    <item>
      <title>Morningstar Calls for Rating Mapping From SEC</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The SEC or another federal entity should map credit ratings among competing rating services, similar to efforts by regulators in other countries, according to Morningstar. The firm said rating mapping can help keep competition strong among rating services.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231226</guid>
      <pubDate>Thu, 06 Jun 2024 16:58:23 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231226-morningstar-calls-for-rating-mapping-from-sec</link>
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