The Supreme Court’s decision to let a lower court’s ruling stand allows the bureau to watch over certain ABS market participants.

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.

Sixth Street will purchase $4 billion in Affirm loans on a forward flow basis.

Associated Banc-Corp will take a loss in the fourth quarter; Chase packages seasoned jumbos in non-agency MBS; Octane Lending expands ABS issuance; another whole-business ABS from Jersey Mike’s.

Increasing investor demand and a need for insurance companies to diversify risk has led to growing interest in the insurance-linked securities market and catastrophe bond issuance.

ABS receive no-action relief on Rule 15c2-11 reporting; Ellington Management Group to securitize closed-end second liens.

New ABS issuance is about to set a new annual record in 2024, but banks remain largely disinterested in the sector. (Includes two data tables.)

Kroll Bond Rating Agency believes the ABS sector has a variety of tailwinds, including insurance company demand, that should boost issuance in 2025.

The student loan ABS trusts and two industry trade groups have filed separate petitions asking the Supreme Court to review the case.

Demand for data centers is rapidly increasing but supply is constrained. This environment presents a great opportunity for ABS investors, according to DoubleLine.