The trend extended to credit - card, auto and large corporate loans but not to residential mortgages and home - equity loans. (news-to-use.com)
The fund invests primarily in high yield corporate bonds, floating rate corporate loans and mortgage and other asset - backed securities. (franklintempleton.com)
This may be because it requires them to hold less capital than for corporate loans, and also carry fewer provisions for possible bad debts. (breakingviews.com)