CIFC Corp., the largest U.S. collateralized loan obligation manager by number of deals, it is raising its own capital to finance retention of stakes in its deals.
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Wall Street’s AI debt machine is starting to choke on supply
Yields are soaring into the double digits on bonds and loans funding the AI infrastructure buildout. Bankers are finding it more difficult to offload risk to insurers and other investors.
Balbec Capital leans toward multifamily as underwriting standards shift
Incentives structure and fewer losses drive commercial real estate collateralized loan obligation issuance over conduit commercial mortgage-backed securities.
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John Hintze
FICO holds price for commitments as Pulte plans more action
FICO announced it will maintain its mortgage industry price for credit scores through tri-merge resellers at $10 for members of its Preferred Program.
Lenders should prepare for shifts in mortgage REIT demand
Single-family mortgage real-estate investment trusts in the market for home loan assets face hurdles and selectively taking on leverage to keep buying.
Sudden CLO unwind at crescent wipes out owners of riskiest debt
Designating the loans as credit risks gave Crescent broader authority to sell them as it shrank the CLO, allowing it to liquidate the remaining portfolio without approval from subordinated noteholders.
