The point is that the more certain lenders can be about risk and the more evenly it’s spread out, the less they have to charge to account for it. In this way, securitization helps rates stay lower than they otherwise would be. Securitization also makes for a more standardized product. ...
For companies such as Sunpower, it can be challenging to leverage partnership flip structures through the ABS market. According to Gerhard Hinse, senior manager of structured finance at Sunpower Corporation, some developers may choose to approach specialty lenders willing to accept the risks and comp...
receivables can flow to the SPV without withholdings or deductions – issuer’s cash flow must match its obligations – UK mortgage securitization not off-shore (would limit borrower’s ability to take tax relief under the MIRAS system: ‘qualified lenders’, who are located in UK) Function of...