Rules requiring CLO managers to keep skin in the game of their deals has taken a toll on smaller firms. But the resulting thinning of the ranks has created room for some new players that are better capitalized, including insurance companies.
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While the U.S. CLO market sputters behind its 2015 pace, European collateralized loan obligation deals this year are leading the 2015 clip by a nose. But dont expect that comparably healthy advantage to translate into a rush of Euro-denominated deals by years end.
September 20 -
Two recent court decisions that curtailed controversial debt collection and payday lending policies could wind up impacting leading marketplace lenders, no matter their distance from such abusive and predatory practices.
September 20 -
The expanding investor base for Connecticut Avenue Securities and Structured Agency Credit Risk notes is creating a kind of virtuous circle: as trading volume increases, banks are dedicating traders to the asset class
September 20 -
For investors who were intrigued by the launch of Verizons first-ever handset securitization offering in July, an executive for one of the deals underwriters deal had a message: Stay tuned.
September 20 -
Early fears that Wall Street landlords might have trouble refinancing their holdings of large portfolios of single family rental homes have proven unfounded.
September 19
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The subprime auto lender Santander Consumer Holdings USA has made two key leadership moves as it faces ongoing accounting problems.
September 19 -
Unfavorable court decisions, heightened regulatory attention and a thumbs down from famed Big Short personality Steven Eisman are making no dent in the enthusiasm for marketplace lending (MPL) securitization.
September 19 -
Moody's Investors Service has concluded its ratings review on 31 securitizations of federally guaranteed student loans sponsored by Navient Solutions to account for the slower rate of repayment of the collateral.
September 18 -
Steve Eisman, the money manager who foresaw, and profited from, the collapse of the subprime mortgage market, hadnt attended a securitization conference since 2007. But Information Management Network, the organizer of an annual confab in Miami, clearly recognizes a good draw. It invited him to give the keynote speech Sunday.
September 18 -
The pace of mortgage modifications picked up in the second quarter as a streamlined version of the U.S. governments Home Affordable Mortgage Program (HAMP) started to produce results.
September 18 -
Deutsche Bank said the U.S. Justice Department is seeking $14 billion to settle a probe tied to residential mortgage-backed securities, more money than it's willing to pay
September 16 -
Issuance volume of asset-backed securities for the year through September 16, 2016.
September 16

