CLO issuance surged in the fourth quarter, fed by growth in restructured deals and the BSL market. Palmer Square ranked as the top manager of new issuance. (Includes data chart.)
The conventional-conforming market — most of which is sold to Fannie and Freddie — accounted for 70% of first-lien originations in 2020. (Includes two data charts.)
One month doesn't make a trend, but nonbank sales to Fannie and Freddie fell 3% from December to January, while the GSEs saw a 12% increase in bank business. (Includes two data charts.)