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Glen Fest

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  • ASR0705_GM
    Auto ABS
    GM Financial cuts exposure to long-term auto loans in latest ABS

    Loans between 61 and 72 months at origination decreased to 49.5% of the collateral for GM's latest transaction, down from 51.3% from the sponsor's April deal.

    By Glen Fest
    July 5
  • bmw-small.jpg
    Auto ABS
    BMW launches 2nd Swiss auto lease ABS totaling €361.4m

    The first Bavarian Sky securitization of Swiss BMW auto leases since April 2013 will be split between Euro and Swiss franc (CHF) denominations.

    By Glen Fest
    July 4
  • ASR0703_TightCLO
    CLOs
    CLO Roundup: Nowhere for spreads to go but out?

    With risk premiums on collateralized loan obligations at or near their tightest levels since the financial crisis, there may be nowhere to go but out, according to Wells Fargo Securities.

    By Glen Fest
    July 3
  • ASR0627_NewResidential
    RMBS
    New Residential boosts quality in latest $493M RMBS "clean up"

    The real estate investment trust is issuing its fourth securitization of older performing and non-performing loans of the year, and 13th since 2014.

    By Glen Fest
    June 28
  • Private equity
    Carlyle taps Popov to launch credit opportunity funds business

    Popov comes to Carlyle with 20 years of private equity experience backing non-investment grade firms

    By Glen Fest
    June 27
  • ASR0626_LeasePlan
    Auto ABS
    Dutch Lessor LPNL planning €700M commercial vehicle ABS

    It's the sponsors fourth securitization, and includes 33,972 contracts to small and medium-sized companies as well as to government clients.

    By Glen Fest
    June 26
  • ASR0625_CLOs
    CLOs
    CLO Roundup: Wells now sees 2017 issuance at $85B

    The $15 billion upward revision puts the bank's projection in line with that of JPMorgan; four new CLOs were printed last week, and another six were refinanced or repriced.

    By Glen Fest
    June 25
  • ASR062217-SOFI
    Marketplace lending
    SoFi's next consumer loan ABS backed by even safer credits

    Over 45% of the borrowers the collateral pool have FICO scores above 760, compared with just 36.42% in the marketplace lender's most recent transaction, completed in May.

    By Glen Fest
    June 22
  • UK housing stock
    RMBS
    Lanark, Obvion, Optimum marketing trio of European RMBS

    Lanark's UK RMBS and Obvion's Dutch deal are as yet unsized; Optimum's £242.3M deal is backed by UK second-lien loans

    By Glen Fest
    June 22
  • ASR062017JimmyJohns
    Esoteric ABS
    Jimmy John’s joins in whole-biz trend with $850M ABS offering

    The sandwich restaurant chain will use proceeds so repay debt taken on when it was acquired by Roark Capital last year, incliuding a term loan facility.

    By Glen Fest
    June 21
  • ASR061917-refi2
    CDOs
    Boom in leveraged loan refis hitting CLOs hard

    CLO managers who accept lower interest payments on loans risk running afoul of deal covenants; but if they take their money back, there are few attractive options for putting it back to work

    By Glen Fest
    June 20
  • Credit card
    Europe
    NewDay selling UK bonds backed by £1.16B cards portfolio

    The near-prime accounts have less seasoning than many credit card securitizations by UK banks, at 49.9 months, the weighted average annual percentage rate is 38.12%, according to DBRS.

    By Glen Fest
    June 18
  • ARS0614_PatrickMoore
    Esoteric ABS
    Renovate America adding income review to PACE underwriting

    The move follows mounting criticism that many homeowners using property assessments to finance energy efficiency upgrades can neither understand, nor afford, the terms of deals.

    By Glen Fest
    June 15
  • ASR061317_House for lease
    RMBS
    Home Partners readies 3rd lease-to-own single family rental ABS

    The properties backing the $336 million transaction average 23 years of age, with valuations averaging $303,727 per property and an average monthly rent of $2,229. Most require pre-lease rehabilitation costs that amount to an average of $8,318.

    By Glen Fest
    June 14
  • Bloomberg HQ
    CMBS
    Next single-asset CMBS backed by Bloomberg building

    The $500 million commercial mortgage that serves as collateral was underwritten by Deutsche Bank and Citigroup; it allowed the building's owner, Alexander's, to cash out $187 million of equity.

    By Glen Fest
    June 13
  • ASR061217-CLUB
    Marketplace lending
    LendingClub investors pay up for a single-A credit rating

    A $279 million bond offering is backed by near prime loans contributed by seven third-party investors; to earn an A from KBRA, they had to offer 52.25% credit enhancement.

    By Glen Fest
    June 13
  • ASR060917 Container Port
    Esoteric ABS
    Surge in container demand steering lessors to securitization

    Shipping companies need more units to meet a rise in global trade, and they’re not in a position to add to their own fleets.

    By Glen Fest
    June 12
  • Courthouse
    Regulatory guidance
    Even under Trump, SEC unsympathetic to reg relief for CLOs

    The Trump Administration’s anti-regulatory agenda has yet to permeate the Securities and Exchange Commission, which remains opposed to relief for collateralized loan obligations.

    By Glen Fest
    June 9
  • ASR060817-RPL2
    RMBS
    CarVal adds $382M to pipeline of reperforming RMBS

    The deal is the second this year from the Mill City shelf; all told, five issuers have completed 15 deals totaling $8.4 billion; the consistent supply is attracting strong investor interest

    By Glen Fest
    June 9
  • asr060616_CLO
    CLOs
    CLO refi wave loses more energy in May

    The $9.8 billion of new collateralized loan obligation issued during the month outstripped the volume of deals being refinanced for the first time this year.

    By Glen Fest
    June 6
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TRENDING
  • Bank stocks
    Bank stocks drop amid tariff confusion, recession fears

    The KBW Nasdaq Bank Index is down more than 7% year to date. Analysts blame confusion caused by President Trump's evolving tariff policies and heightened worries about an economic downturn that could hurt banks' credit quality.

    By Jim Dobbs
    March 11
  • Data warehouses
    Centersquare Issuer get set to issue $940 million through two series of notes

    A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.

    By Donna M. Mitchell
    March 10
  • Blackstone
    Blackstone REIT pivots away from office with first new CLO in four years

    Over 85% of the collateralized loan obligation's total dollar value will be comprised of apartment complexes and hospitality and industrial properties.

    March 10
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© 2026 Arizent. All rights reserved.
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© 2026 Arizent. All rights reserved.