KBRA Launches U.S. HELOC/CES Credit Index

KBRA is pleased to announce a new HELOC/CES index that tracks new issue private label securitizations (PLS) backed by home equity lines of credit and closed-end second mortgages. HELOC and CES now account for roughly 4.5% of outstanding private label securitizations (PLS) tracked in KBRA’s U.S. RMBS Credit Indices. With the issuance of transactions backed by these assets likely to rise in 2025, we are introducing a HELOC/CES index to KBRA’s RMBS Credit Indices report, which tracks early- (30-59 days), mid- (60-89 days), and late-stage (90+ days) delinquencies, observed modifications, prepayment speeds, and other performance metrics across the major RMBS 2.0 subsectors.

Click here to view the report.