Although interest rates were higher on loans backing agency MBS in January, there was a small, if uneven, increase in issuance from the previous month. (Includes two data tables.)
Refinance and reset activity accounted for 56% of the record $532 billion of CLO issued last year, including a number of deals restructured for the second or third time. (Includes two data tables.)
Deals backed by leases and loans to consumers to buy cars and other vehicles continued to set the pace in ABS issuance last year. But the only sector to see increased volume in the fourth quarter was ABS backed by unsecured consumer loans. (Includes three data tables.)
Flagstar’s transfer of $73.9 billion of agency servicing rights accounted for over a third of the bulk MSR transfers in the fourth quarter. Coissuance volume was up slightly with higher agency MBS issuance. (Includes three data tables.)
Issuance of prime non-agency MBS tripled from 2023 to 2024, boosting the market to its best year since 2021. Expanded-credit mortgage securitization accounted for 34% of non-agency issuance last year. (Includes three data tables.)