Category Archives: Market Structure and Dynamics

According to a March 28th Asset-Backed Alert, three recent Floorplan ABS offerings have increased in size before issuance. Floorplan securitizations, which were put on hold from 2020 to 2022 due to pandemic impacts, began to...

Goldman Sach Asset Management (GSAM) released their annual survey in which they polled 359 insurance company executives, ranking their expectations for returns on various asset classes. For the first time in the poll’s 13-year history,...

The Wall Street Journal reports that first quarter sales for the U.S. auto industry are higher year-over-year. Though Ford’s report is not yet available, and manufacturers’ gains were not uniform, some makers saw double-digit increases...

The expansion of the private credit market has spurred a rise in trading activity for loans approaching maturity, prompting the emergence of a "semi-active secondary market," as highlighted by The Financial Times. Quoting a report...

As the Federal Reserve prepares to lower interest rates later this year, mortgage rates might not decrease quickly given that demand for mortgages and mortgage-backed securities remains muted compared to pre-2022 levels. This decreased demand,...

Increased loan putbacks from Fannie Mae and Freddie Mac have led to increased “scratch-and-dent loans” securitization issuance. These loans were returned to their originators for reasons like missing documentation, mortgage-insurance issues, or incorrect debt-to-income ratio...

The Wall Street Journal reports that 2023 saw only 3.5% of office building sales coming from distressed sellers, based on MSCI Real Assets analysis. Of the $35.8 billion of office loans that came due in...

The National Association of Realtors (NAR) has agreed to settlement terms in litigation over how buyers’ agents are paid in the sale of residential property. Under the proposal, buyers’ agents would need to present services...

According to the Wall Street Journal, 14% of U.S. commercial real estate (CRE) lending is securitized in commercial-backed securities (CMBS), making default rates and building valuations available as a proxy for less accessible information on...

Sales of annuities, financial products often purchased by consumers approaching retirement age, hit a record $385 billion in sales in 2023 with higher interest rates promising larger potential monthly payments to policyholders. To align with...

The year in CLOs started off with the highest January on record; 33 deals totaling nearly $14 billion. The robust activity stems from improved deal economics as credit risk spreads have tightened from wider levels....