U.S. household debt continues to rise, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit for Q1 2024. Household debt balances grew by $184 billion from the previous quarter, with...
Read MoreThe Bureau of Labor Statistics’ Consumer Price Index found that prices rose slightly in April, up 3.4% YoY, and 0.3% from March 2024. Core inflation rose at its slowest pace since 2021. With inflation showing signs of...
Read MoreAccording to the New York Times, credit bureaus are urging Buy Now, Pay Later (BNPL) lenders to report these loans to the bureaus to help borrowers create a credit history. However, some lenders have been...
Read MoreThe Wall Street Journal reports that private equity and asset management firms continue to grow and now rival the largest banks. These firms are expanding their services, targeting not only institutional clients, but expanding to...
Read MoreWith mortgage rates expected to drop later this year, challenges in the mortgage-backed securities market could limit benefits for homebuyers. Investor concerns about inflation and mortgage rates have resulted in a higher demand for yields...
Read MoreGinnie Mae issued a public notice to their issuer partners cautioning about elevated prepayments in certain mortgage-backed securities (MBS) programs and warning of potential consequences for violations. Ginnie Mae’s compliance rules guard against ‘habitual refinancing’...
Read MoreA newcomer to the asset-backed securities (ABS) market, fiber securitizations are gaining momentum with issuance possibly as high as $5 billion in 2024. This growth is expected to continue over the next ten years. While...
Read MoreAccording to a March 28th Asset-Backed Alert, three recent Floorplan ABS offerings have increased in size before issuance. Floorplan securitizations, which were put on hold from 2020 to 2022 due to pandemic impacts, began to...
Read MoreGoldman Sach Asset Management (GSAM) released their annual survey in which they polled 359 insurance company executives, ranking their expectations for returns on various asset classes. For the first time in the poll’s 13-year history,...
Read MoreThe Wall Street Journal reports that first quarter sales for the U.S. auto industry are higher year-over-year. Though Ford’s report is not yet available, and manufacturers’ gains were not uniform, some makers saw double-digit increases...
Read MoreThe expansion of the private credit market has spurred a rise in trading activity for loans approaching maturity, prompting the emergence of a "semi-active secondary market," as highlighted by The Financial Times. Quoting a report...
Read MoreAs the Federal Reserve prepares to lower interest rates later this year, mortgage rates might not decrease quickly given that demand for mortgages and mortgage-backed securities remains muted compared to pre-2022 levels. This decreased demand,...
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