Hedge funds driving NPL RMBS issuance

By Ryan Bolger
24 Mar 2015

Hedge funds are driving issuance of securitizations backed by non-performing loans, and money managers are hungry for the paper.

Issuance has been strong and steady for the asset class over the past year or so, with hedge funds such as Lonestar Capital Management and Bayview Asset Management reissuing old transactions with new and seasoned collateral.

“There has been pretty continuous dealflow, especially with predominant issuers collapsing deals ...

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