Collateralized loan obligations and the securitization of esoteric ABS are gaining momentum in a market that is still missing one of the key ingredients of the boom years non-agency residential mortgages according to experts at the American Securitization Forum annual meeting this week. When Sara Bonesteel, managing director and head of alternative investments at Prudential Fixed Income, described the appeal of CLOs, she may as well have been outlining the antithesis of the current RMBS market. The CLO sector has fewer regulatory issues, relatively strong performance in the underlying asset and the...