Glen Fest

A carve-out that shielded billions of dollars in collateralized loan obligations from Dodd-Frank's risk-retention mandate could work against banks and other CLO managers if Dodd-Frank is overhauled.

Coordinators of a blockchain project backed by the financial industry say they have successfully demonstrated that the distributed ledger technology can be used to syndicate, trade and make payments on leveraged loans.

It would encourage tighter underwriting of commercial mortgages, something the investors say is sorely needed.

Longer loan terms may be compounding losses when cars are repossessed, a portfolio manager says.

It’s unclear whether connecting lenders and borrowers over the internet offers any advantages over traditional lending, according to panelists at the Structured Finance Industry Group conference in Vegas.

Opus Bank completed a $509 million securitization of its multifamily loans through a Freddie Mac-sponsored "Q-deal" risk-transfer securitization, the company announced Tuesday.

Buyers of certain syndicated corporate loans have had an incentive to drag their feet closing trades; they will soon pay a hefty price if they don't do their part. The reform should help lenders get assets off their books faster.

Well, something has to. For proponents of modernization and greater efficiency in the syndicated loan, bond, swaps, and private placement markets, it's well past time to put investors, banks, brokers and borrowers on the same technological page.

Should companies that manage collateralized loan obligations but don't originate the loans be subject to Dodd-Frank's risk-retention rules for securitizations?

Warehouse financing is back, and it's one of the drivers of the resurgence in collateralized loan obligations. Banks are more willing to provide it, but nonbanks are bigger players, too.

A federal district court in Washington upheld another ruling disallowing three hedge funds controlling portions of a defaulted loan from voting on a reorganization plan. The ruling could impact banks as they make more concessions to win business.

Legal experts are becoming increasingly concerned that federal judges are questioning the right of a lender of secondary creditor to bid the full value of claims in Chapter 11 cases. For banks looking at bankruptcy, this development provides more encouragement to settle with certain debtholders before seeking legal protection.

Though still a microscopic part of the estimated $11 trillion consumer lending market, peer-to-peer lending is going to matter in a big way sooner than you think, say those familiar with the sector.

Companies want to avoid borrowing from inflexible hedge funds and banks that conduct business with competitors.

Revolving loan balances fell for a fourth straight month in September. Delinquencies shrunk last year. Personal bankruptcies were off the previous year's pace by as much as 13%. Does all the good news herald a new era of consumer responsibility in the credit card space? Not exactly.

It's a hot year for second-lien loans, which are already at $28 billion. But they may be "second" in name only for claims in the event of default because of the increasingly complex structures of debt issuances and inconsistent industry definitions.

From his participation in economic development plans to personally recruiting construction funds and sponsorships for the BOK Center, BOK Financial's retiring CEO, Stanley Lybarger, has been a central figure in the rebirth of downtown Tulsa.

The surge in collateralized loan obligations, rising interest rates and other factors drove trading in leveraged loans to $391 billion at Sept. 30. The full-year total is expected to be a record, even as banks ease off CLOs.

As traditional loan refinancing slows, corporate borrowers around the world are flexing their muscles to reduce pricing on existing syndicated loans at a record pace.

Corporate default rates and other conditions in U.S. credit markets can only worsen in the current interest rate environment, according to a quarterly survey of the International Association of Credit Portfolio Managers.