In this week’s newscast, Credit Unions may soon have the ability to securitize auto loans, and Los Angeles County takes steps to restart its residential PACE program.
More From Asset Securitization Report
Wall Street’s AI debt machine is starting to choke on supply
Yields are soaring into the double digits on bonds and loans funding the AI infrastructure buildout. Bankers are finding it more difficult to offload risk to insurers and other investors.
EU officials propose guardrails for insurance SRT boom
Insurers' unfunded significant risk transfers should meet a set of extra solvency criteria to ensure stability if policymakers back the most lenient bank-capital treatment.
Treasury yields above 5.25% change everything
There has been a stark change in regime when 10-year yields go much above 5.25%. After that point, the risks to bond volatility and hence stock vol and credit spreads markedly increase.
Pulte, FHFA fraud crackdown heightens counterparty vetting risks
The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
Second-lien issuance expected to reach $41 billion this year
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
