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.)
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With record levels of new CLO coming to market over the past six months, commercial banks have stayed on the sidelines, allowing their CLO portfolios to slowly decline. (Includes data table.)
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Radian’s foray into the securitization business is more than just a passing fancy. The mortgage insurance company is considering branching out beyond prime jumbos.
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At the end of the year, nonbanks will be required to meet new risk-based capital requirements at Ginnie Mae. There’s some speculation that the Trump administration could reverse the rule.
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New capabilities added to Freddie Mac’s basic ML-deal will allow corporate CUSIPs to be converted to municipal CUSIPs without impacting the tax-exempt status of the securities.
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Kroll Bond Rating Agency believes the ABS sector has a variety of tailwinds, including insurance company demand, that should boost issuance in 2025.
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