Highlights from the American Securitization Forum's 2013 conference in Las Vegas
Mostly Clear Skies Ahead
Michael Binz, a managing director at Standard & Poors, said the degree of enthusiasm in the securitization market was where it had not been in years. "A year ago, the mood was starkly different," he said. "There were fewer investors participating, supply was rapid diminishing, and regulatory uncertainty was stifling market activity." By comparison, "Today many sectors of the market are rallying, investors have returned, there's a level of enthusiasm and demand we haven't seen in years." Also, "there's a degree of regulatory certainty taking shape."