16. Signs of Stress in Corporate CLO Market, Record-Breaking CMBS Delinquencies, Exodus from Cities

We welcome Andrew Jacobs, Head of Structured Finance at Trepp, to examine signs of stress in the corporate CLO market. We also discuss the potential record-breaking CMBS delinquency rates, the appraisal reduction process, this week’s major headlines in lodging and retail, and the migration from big cities. We also make weekend plans for a trip to the drive-in movies. Episode Notes: Record breaking CMBS delinquency rates? (4:04) Spotlight on the CMBX 13 index (9:15) This week’s lodging and retail headlines (11:05) The appraisal reduction process (22:32) Is the appeal of big cities wearing off? (27:15) Signs of stress in the corporate CLO market (35:06) Winners and losers in CLOs (40:24) Drive-in movie theater weekend plans (45:17)