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Trust preferred securities ("TruPS") are issued by bank holding companies ("Holdcos"). -
Prytania Investment Advisors is planning its second Athena fund, a roughly $200 million global credit opportunity vehicle to invest primarily in collateralized loan obligations and commercial real estate collateralized debt obligations.
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Tom Edwards, treasurer at Parsippany, N.J.-based Wyndham Worldwide, fielded questions from Reporter Amelia Granger on the firm's recent securitization of timeshare receivables.
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Although the recession officially ended in June 2009, its impact on loan performance among U.S. commercial mortgage-backed securities still lingers.
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Non-performing real estate assets (NPAs) of a bank consist primarily of residential and commercial real estate mortgage loans including construction and land development loans, and foreclosed real estate owned properties.
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Securitization mainstay AmeriCredit officially became GM Financial on Oct. 1, but Susan Sheffield, executive v.p., says the Fort Worth, Texas-based company's reliance on asset-backed security funding will remain steady.
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Collateralized loan obligations have weathered stormy market conditions remarkably well over the past couple of years.
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Stefano Sola, cio at JG Wentworth, a Bryn Mawr, Pa.-based firm that has issued about $2.5 billion in asset-backed securities, talked with reporter Amelia Granger about the sponsor's latest securitization, a $115 million deal backed by a pool of lump sum legal settlements and insurance company annuities. Sola discussed the timing of the launch, investor appetite returning to the asset class and the firm's plans to return to regular, quarterly issuances. Here's the rest of the conversation:
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While the worst of the economic and financial risks that have plagued securitization markets for the past three years may have moved to the rear-view mirror, we haven't completely outrun them, yet.
