Issuance volume of asset-backed securities for the year through February 15, 2018.
| 2018 | 2017 | 2016 | |
| ABS (Public + 144A) | 39,101.8 | 31,627.7 | 21,035.8 |
| ABS (Public + 144A excluding CDOs) | 33,436.1 | 29,405.7 | 19,524.2 |
| ABS (Public Only) | 22,004.9 | 14,125.1 | 9,787.5 |
| ABS (144A Only) | 17,097.0 | 17,502.6 | 11,248.3 |
| Non-Agency MBS | 14,465.1 | 7,439.7 | 7,424.2 |
| Agency MBS | 23,662.8 | 31,652.0 | 25,476.1 |
| CMBS | 15,930.9 | 12,458.6 | 11,564.4 |
Source: Thomson Reuters
This is PowerPay's second 144A transaction, which has a 90-day prefunded period, initially funded with $132.9 million in deposits.
Bill Pulte's X post has the industry excited that loan level price adjustments could change, but the impact would not be as beneficial as some think, KBW said.
FHA loans accounted for about half of the annual rise in foreclosure starts and 80% of the rise in active foreclosures in September, according to ICE.
The Federal Reserve Friday issued a set of proposed changes to its stress testing program for the largest banks that would disclose the central bank's back-end stress testing models, a move that the Fed had long opposed out of fear of making the tests easier for banks to pass.
The A1 tranche contains the bulk of the outstanding notes, $251.4 million, and is divided into the 1A and 1B sub-tranches, with enhancement of 37.0% on the A1A piece and 27.0% on the A1B.
The Bureau of Labor Statistics released its latest Consumer Price Index reading Friday morning, showing inflation rose by 0.3% in September, slightly below August's pace. The report also found core inflation steady at 3.0%, even as shelter costs eased and gasoline prices spiked.
