Latest news
Latest news
January's ABS data center deals see tenant numbers drop but demand remains strong
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
More articles
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Cuts to trading capital requirements for securitizations would be welcomed by dealers, but are unlikely to result in big boosts to balance sheet commitments, according to securitization pros at SFIG Vegas 2018 on Monday. -
The online lending sector is anticipating a swell in deal volume this year, but market participants speaking with GlobalCapital are raising the alarm on increasing consumer leverage and deteriorating loan quality.
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Solar securitization experts on a panel at the SFIG Vegas 2018 conference on Monday observed that they are beginning to see ‘more and more similarities’ between the solar market and marketplace lending ABS, with some market participants starting to see the benefits of self-sponsored securitizations.
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Citi is eyeing the launch of an online consumer lending service similar to Goldman Sachs’ Marcus platform, according to sources speaking with GlobalCapital at the SFIG Vegas conference.
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If the FHFA publishes its ‘conservatorship capital framework’, its secret rules for monitoring the health of the government sponsored enterprises as some members of Congress want, sources say that it could kick start the private risk transfer market for banks, which has been moribund since JP Morgan failed to gain full regulatory support for its risk transfer RMBS program in 2016.
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A study by DBRS, published this week, shows that residential Property Assessed Clean Energy (PACE) loan delinquency rates have been consistently lower than those on residential property taxes, dispelling some of the uncertainty up around borrower repayments in the budding sector.
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The US securitization industry is heading to Las Vegas next week for the industry’s largest annual gathering. Fittingly, securitizations backed by the city’s casinos are on the rise, although industry pressures pose growing concerns for the market, wrote Kroll analysts in a note on Thursday.
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Lending Club executives said on a Tuesday earnings call that the company may look to sell the residual notes retained from a December 2017 securitization, and indicated the company’s intent to grow its Club whole loan certificate program.
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Interest rate risk has become the driving concern among ABS investors, with data showing on Wednesday that investors are increasingly shifting into floating rate CLO, agency CMBS and agency credit risk transfer bonds, with further rate hikes on the horizon.
