CLO market: Corporate distress? Bring it on

It is an almost unchallenged truth that the next crisis will be triggered by over-leveraged corporate borrowers crumbling under the weight of cheap debt that they have taken on over the last decade.

Securitization: RMBS gears up for windfall

A deep and sustainable private-label RMBS market has always eluded the US thanks to the insuperable competitive advantage enjoyed by the GSEs; that could change if plans to remove these guarantees for higher-risk mortgages go ahead.