Excess Spread — Which assets should banks own, MFS returns

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News & Analysis

ABF

RMBS is back in vogue as demand outstrips massive supply

Nearly 20 years after the great financial crisis, US home equity is again the collateral bedrock of a boom in securitized debt, with the highest mortgage-bond supply in years met by even higher investor demand. This time, it looks very different.

28 Aug 2026

| US

| Europe

News & Analysis

ABF

Insurance coverage of SRTs grew by €2bn in 2025

Insurance company participation in significant risk transfer is surging, with insurers covering nearly one sixth of the SRT market last year, according to a report from the International Association of Credit Portfolio Managers.

26 Aug 2026

| Europe

| US

News & Analysis

ABF

Saluda Grade names chief strategy officer as it grows into a broader ABF platform

Saluda Grade has elevated former head of private credit Blake Eger to the newly created role of chief strategy officer and senior portfolio manager. The appointment is part of the alternative investment firm’s evolution beyond residential credit and into areas that include commercial mortgages and esoteric ABF.

25 Aug 2026

| US

News & Analysis

ABF

PGIM lands $3bn forward flow with GreenSky

PGIM has reached a deal to buy about $3bn of home improvement lending assets over three years from GreenSky. The $1.5trn asset manager announced the forward-flow agreement with the consumer lending fintech on Thursday (20 August). It’s one of the largest such deals of the year, following a spate of forward-flow agreements in July: $4bn between AI lending platform Upstart and Castlelake; $1.5bn between small business financier Wayflyer and Fortress Investment Group, and $750m between fintech Octane and AB CarVal, an arm of AllianceBernstein.

20 Aug 2026

| US

News & Analysis

ABF

Why Egan-Jones bet on its ill-fated NRSRO application

Egan Jones moved ahead with its doomed SEC application for Nationally Recognized Statistical Rating Organization status for ABS and government debt ratings because it misinterpreted some of the relevant rules, according to a source close to the matter.

14 Aug 2026

| Europe

| US

News & Analysis

ABF

Data center securitizations aren’t ABS, SEC says — what happens now?

Data center securitizations historically have resulted in the creation of asset-backed securities — no surprises there. But after a law firm’s lobbying nudged the SEC to concede that certain deals are outside the traditional legal definition of ABS, the future for the asset class is both far more open and a bit murkier than ever before.

14 Aug 2026

| US