Collateralized debt obligations and subprime mortgage structures defined the 2008 crisis, but Ginnie Mae mortgage-backed securities sit at the opposite end of the risk spectrum—explicitly backed by the full faith and credit of the United States.

The HUD Section 232 healthcare program is on pace for record FY 2025 volume, and the real story for 2026 is how lenders use bridge and warehouse capital—plus carefully negotiated intercreditor and collateral structures—to manage timing, execution, and regulatory risk in increasingly complex long-term care capital stacks.

Federal actions in August 2025 restored the Department of Labor’s 2020, principles-based view on alternatives in 401(k)s, which means defined-contribution plans can now hold DC-wrapped private credit that looks a lot like bank paper—so lenders should start originating, documenting, and servicing loans in a way plan fiduciaries can actually buy.

New generic listing standards and in-kind mechanics may move crypto ETFs from one-off approvals to a predictable framework—potentially accelerating launches—while leaving substantive investor-protection guardrails intact.

Lozano v. Sappo clarifies that Tennessee’s twenty-year tax-payment statute (§ 28-2-110(a)) rarely defeats a prescriptive-easement claim at the pleadings stage and, even if it might apply, it functions as an affirmative defense that must plainly appear on the face of the complaint.