Companies are increasingly standing down on debt when yields jump.
Investors' robust appetite for office-tower debt may be a hunt for yield in a tight credit-market environment.
Bond investors typically dislike when students prepay their loans early.
The funding will fo to Figure Technologies, a blockchain mortgage startup.
In October, U.S. CLO volume increased by 20% month-over-month.
The firms are shifting attention from a high-profile bet against America’s challenged malls.
Installment loans are geared to working-class Americans who have seen wages stagnate and unpaid bills pile up.
Debtors are riskier than their scores indicate because the metrics don’t account for the robust economy, analysts say.
About 12 million Americans use high-interest loans every year, according to Pew Charitable Trust.
The market for bundled loans used to fund riskier real-estate projects is on pace for a post-crisis record.