- E-mail: Adam.Tempkin@thomsonreuters.com
The first-ever ABS backed by property-tax assessments funding residential renewable energy and energy-efficient projects – known as Property Assessed Clean Energy (PACE) loans – was priced last Thursday.
As the CLO market holds out hope that US regulators will create a carve-out from the Volcker rule that grandfathers legacy securities – a legislative proposal pointing in that direction is rumoured to be in the hopper for some time over the next two weeks – issuance continues to pick up, with refinancings and shorter reinvestment periods the new focus.
Moody’s on Thursday released its official methodology for the new single-family rental (SFR) securitization asset class, including a request for comment on a sector that the agency said is likely to continue growing over the next few years.
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