Year-to-date CLO issuance lagged behind the pace set in 2018 because of a slowdown in refinance transactions. Octagon Investment Partners was the most active sponsor at midyear.

Live Well Financial, once a top-ranked HECM lender, is now a heap of smoking ash. A new indictment charges that its downfall was predicated by a massive fraud scheme involving interest-only MBS.

The consumer finance ABS market continues to show signs of life. It helps that “big money” is playing a role behind the scenes.