Guggenheim’s innovations draw digital issuers to esoteric ABS
Spread premiums on esoteric ABS attract new types of investors, including those managing insurers' assets.
By
John Hintze
ABS East
Residential solar specialist Enpal, M&G tee up warehouse facility
Enpal and M&G's move comes at a complex moment for securitizations backed by energy infrastructure and home efficiency equipment.
CMBS delinquencies rise by double digits in September
Overall, new 60-day-plus delinquencies totaled $2 billion, up from $1.69 billion in August, while maturity defaults accounted for half, or 51% ($1.05 billion) of new delinquencies.
IMN announces plans to proceed with ABS East 2020
The Information Management Network has announced it will proceed with its annual Fall ABS East securitization conference in Miami Beach, Fla. in December, featuring a “hybrid” in-person/virtual event format.
By
Glen Fest
Pickup in aircraft lease ABS issuance creates ‘virtuous circle’
The growth in securitizations in the esoteric asset class has drawn in more investors seeking long-duration high yield; that, in turn, is spawning more deals from new issuers filling the demand.
By
Glen Fest
Risk retention’s big surprise: Equity buyers are going hungry
CIFC once preferred investing in the equity of other managers' CLOs and selling stakes in its own deals. Risk retention has forced a change in this business model.
By
Glen Fest
PACE lenders welcome approval of Calif. bills increasing oversight
Cisco DeVries, the chief executive of Renew Financial, said the bills will bring much-needed stability to Property Assessed Clean Energy, which uses a property assessment to finance upgrades.
By
Glen Fest
Did CLO industry err in lobbying for an exception to risk retention?
MJX CEO Hans Christensen thinks the $500 billion market lacks the heft to influence lawmakers or regulators; he says any relief from rules requiring "skin in the game" of deals will have to benefit other asset classes as well.
By
Glen Fest
