Master the New-Look
ABS/MBS Market

Every week, Asset-Backed Alert delivers the earliest word on money-making plays emerging from the evolving securitization business, including the worldwide markets for ABS, MBS and CLOs.

Selections from Recent Issues


Issuers Set to Unleash Flood of New Deals

Get ready for a deluge of asset- and mortgage-backed bond offerings.

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CLO Issuers Pursuing Broader Syndication

Norinchukin Bank has paused its purchases of U.S. CLOs in recent months, prompting some underwriters to change their distribution tactics.

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Citi Seeks Reversal of Trading Brain Drain

Under pressure from issuers, Citigroup is acting urgently to fill a senior post on its U.S. asset-backed securities trading desk.

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PennyMac Favoring Term CRT-Backed Bonds

PennyMac is changing the way it finances its investments in agency risk-transfer securities.

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CLO Bid Lists Inundate Secondary Market

Collateralized loan obligation trading surged in early June.

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FHFA Firming Up Outlook for Agency IPOs

The Federal Housing Finance Agency is advancing with plans to recapitalize Fannie Mae and Freddie Mac via an initial public offering.

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Redwood Pushes for Quick End to QM Patch

Redwood Trust is urging regulators not to extend a measure that enables Fannie Mae and Freddie Mac to buy and securitize mortgages that fall outside the...

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UBS Testing the Waters for MBS Comeback

In a stark reversal of its post-credit-crisis aversion to securitization, UBS is attempting to reassemble a team that would underwrite and issue...

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Rare Utility-Fee Bonds Headed to Market

AEP Texas is moving ahead with what would be the first utility-fee securitization in the U.S. since May 2018.

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Prosecutors Take Notice of Honor Scandal

The U.S. Department of Justice is investigating defunct auto lender Honor Finance, whose lone asset-backed bond deal is on the verge of default.

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Negative-Am Mortgage Bonds Resurfacing

Wells Fargo is auctioning off pre-credit-crisis mortgages in which the borrowers were able to defer early payments by adding to their principal balances...

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Morningstar Recruits Reinforce MBS Team

Morningstar has hired two key analytical professionals away from S&P, installing one of them as head of mortgage-bond ratings.

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