The problem is the giant, stagnant pool of loans that companies and people around the world are struggling to pay back. (nytimes.com)
Asset - backed securities, called ABS, are bonds or notes backed by financial assets other than residential or commercial mortgages — an investor is purchasing an interest in pools of loans or other financial assets. (investinginbonds.com)
So Blackrock and others are buying large pools of loans, great, it takes them a long time to go through what they purchase. (biggerpockets.com)