If the U.S. economy enters a recession, MBS and ABS are expected to perform relatively well, according to S&P. Subprime auto ABS, certain commercial MBS and CLOs are most at risk for downgrades.
A class-action lawsuit against the issuer of a credit card ABS has the potential to eliminate the preemption banks rely on when contributing assets to MBS and ABS.
Will President Trump bestow a tax cut on investors in stocks and bonds? Christmas isn't too far away. Meanwhile, corporate landlord Invitation Homes (80,000 homes strong) posted strong results for the second quarter.
Vehicle-finance deals remained the backbone of ABS production in the first half of 2019, but transactions backed by consumer loans are a faster-growing segment.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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