Collateralized loan obligations were once easily overlooked by investors who might have confused them with similar sounding alphabet soup investments that stumbled badly during the crisis. But CLOs are getting a well-deserved second look. Read on to learn more.
In a blow to the Consumer Financial Protection Bureau, a federal judge rejected the agency's request for over $280 million in penalties against the California lender CashCall, ruling that the lender's violations did not justify such a large fine.
The Blackstone affiliate is cashing out over $200 million of home price appreciation in the process, resulting in a loan-to-value ratio that is unchanged from the original Colony American Homes transactions.
The global real estate and investment management firm took ownership of the portfolio after the 2013 CMBS that it originally backed failed to pay off at maturity, according to Kroll Bond Rating Agency.