ABS

First-day panelists at the Structured Finance Association's annual ABS industry conference in Las Vegas speculate on securitization's potential as a new financing mechanism for oil and gas operators.

Historically low interest rates, low unemployment and positive yet slowing economic growth will support stable U.S. structured finance asset performance in 2020.

Impact investing has long centered on environmental and social purpose, but governance could make huge strides as an ESG consideration in 2020.

According to a press release, the securitized loans “primarily” consist of Asia-Pacific and other loans not normally included in the company's rated ABS transactions.

Banks and lenders have made inroads in analytics and automation with machine-learning technology. Will asset management follow suit?

Prosper Marketplace Issuance Trust, 2019-4, is counting on a de-leverage transaction structure that will boost its credit enhancement levels over time, as it seeks to sell $138 million in securities backed by unsecured consumer loans.

Due to come to the market in November, Juniper Receivables 2019-2 DAC will issue about $2.1 billion in securities backed by retail auto loan contracts.

CarMax Auto Owner Trust, 2019-4 is bringing $1.1 billion to the asset-backed securities market with slight decreases in overall credit enhancements. Yet those credit enhancement changes reflect a stronger pool of loans, not increased risk-taking.

Air Lease Corp. is making a straightforward trip to the asset-backed securitization market with two trusts that will raise $437 million to purchase aircraft for its aircraft lease and management business.

The company has rolled out an online platform for firms considering marketplace loans as an asset class.