Solar ABS and Other Exotic Asset Classes See More Investor Interest, Need More Financing
September 23, 2011
Now may be a good time for ABS investors to broaden their horizons and look into exotic asset classes, such as solar panel financing. Over the past few decades, most of the sheer volume of securitizations has come from the cash flows of consumer asset receivables, such as mortgages, credit cards and auto loans, said Chris DiAngelo, a partner with Katten Muchin Rosenman LLP in New York City, who moderated an industry discussion on nontraditional securitizations sponsored by the American Securitization Forum this week. Although the auto market has returned to relatively normal issuance volumes, mortgage and...