Blurring of issuer, investor lines marks ‘seismic shift’ in ABS since crisis

Participants at the ABS East conference this year have commented to GlobalCapital that one of the biggest changes in securitization since the financial crisis has been the increasingly common commingling of the issuer and investor groups within the market. This means that issuers are holding onto more risk towards the bottom of the stack to get investors comfortable with their underwriting, as well as more investors buying assets to then turn around and securitize them.