Non-Mortgage ABS

Browse articles from all of our Newsletters related to Non-Mortgage ABS.

December 14, 2018 - Inside MBS & ABS

Kroll Cautiously Optimistic about Growth in ABS Next Year, Card Deals Expected to Surge

The fundamentals of non-mortgage ABS will remain relatively strong in 2019, with $249 billion in issuance compared with what’s expected to be a post-crisis high of $245 billion at the end of this year, according to a recent forecast by Kroll Bond Rating Agency.

December 14, 2018 - Inside MBS & ABS

Morningstar Analysts Optimistic About Marketplace Lending ABS in 2019 Despite Some Uncertainties

With marketplace lending securitization volume on track to have one of its best years, analysts at Morningstar Credit Ratings expect the sector to continue growing in 2019 despite some headwinds in the economy and the regulatory landscape.

November 30, 2018 - Inside MBS & ABS

Analysts Find Credit-Card ABS Performance Remained Strong Despite Rising Consumer Debt

Performance of ABS backed by credit-card receivables remained strong in the third quarter of 2018 despite rising consumer-debt levels, according to an update from Moody’s Investors Service.

November 30, 2018 - Inside MBS & ABS

Honor Finance’s Post-Crisis Subprime Auto ABS Downgraded Again as Performance Woes Persist

The first post-crisis subprime auto ABS to suffer a downgrade has been demoted further due to ongoing performance issues. The downgrades so far have been limited to the lowest tranche of the ABS issued by Honor Finance, but the class B notes are on watch for a potential downgrade.

November 23, 2018 - Inside MBS & ABS

Green Finance Spreading Across Sectors, Influencing Credit Quality, Says Moody’s

Green securitizations have sprouted across the structured-finance industry, sometimes impacting a transaction’s credit quality, Moody’s Investors Service said in a recent report.

November 16, 2018 - Inside MBS & ABS

Judge Allows ABS Investors to Intervene in CFPB Case Against Securitization Trusts

The Structured Finance Industry Group has welcomed a recent court ruling that allows ABS investors to intervene in a case brought by the Consumer Financial Protection Bureau that aimed to hold securitization trusts liable for violations committed by servicers.

November 12, 2018 - Inside the CFPB

Court Allows ABS Investors to Intervene in CFPB Case

A federal court recently allowed asset-backed securities investors to intervene in a case brought by the CFPB against securitization trusts. Industry participants said it is an important and favorable decision for the securitization industry. Back in September 2017, the CFPB brought an enforcement action against National Collegiate Student Loan Trusts regarding certain student loan debt-collection practices. While the CFPB acknowledged that subservicers – not the trusts themselves ...


With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.


Yes, but only incrementally.


We’re pondering a move into non-QM, but haven’t made up our mind.


No, definitely not. We view it has too risky.