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Hedge accounting will align Fannie’s reporting with competitor Freddie Mac, and will address a mismatch between the recorded value of financial instruments used to offset interest-rate volatility on mortgages and the loans themselves.

Kerry Killinger, former CEO of Washington Mutual, says the asset bubbles and increased consumer debt that contributed to his company's failure are reappearing.

The 18.3% self-employment percentage of borrowers is below the combined 2020 and year-to-date 2021 average prime RMBS level of 19.3%, according to a presale report from Kroll Bond Rating Agency.

The difference between yields on investment-grade debt and junk bonds doesn’t bode well. It’s a sign that leverage in the system is rising.

Issuance volume of asset-backed securities for the year through April 29, 2021

Issuance volume of asset-backed securities for the year through April 29, 2021

Wisconsin Electric Power Co. will assign receivables from EC costs levied on monthly customer bill payments. The securitization strategy is expected to save ratepayers $41 million over traditional rate-based financing.

Deals, trends and research in structured finance and asset-backed securities for the week of April 23-29

The West Palm Beach, Fla.-based lender sees an opportunity for even more growth after its deal to acquire a servicing portfolio from Texas Capital Bank.

The operator of 10 home-services brands is refinancing existing company debt with the securitization, according to KBRA.