Manufactured housing loans remain a tiny fraction of GSE acquisitions, but that share has nearly doubled since 2019 and plays an important role in spec pooling.
Demand for data centers is rapidly increasing but supply is constrained. This environment presents a great opportunity for ABS investors, according to DoubleLine.
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.
For issuers that are able to demonstrate a history of successful hedging, Ginnie Mae could allow them to reduce the level of capital they must hold, according to a senior Ginnie official.
By taking steps to shore up the financial standing of nonbank lenders and servicers, Ginnie Mae is providing confidence to both MBS investors and warehouse lenders.
Investors are showing strong demand for various types of esoteric ABS, including data center securitizations, whole-business transactions and deals tied to music royalties.
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