Stephen Mathews took the role of managing director of GC Securities, the firm said today in a press release. He is based in New York.
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GoldenTree Asset Management appears to have added a €59 million subordinated class to a European collateralized loan obligation it is marketing.
July 3 -
Redwood Trust issued its ninth prime residental mortgage-backed securitization from its Sequoia trust of the year, worth $431.157 million.
July 3 -
GC Securities completed the latest catastrophe bond transaction for Munich Re. The deal, called Queen Street VIII Re Ltd., is the first cat bond in this series to feature Australian cyclone risk.
July 3 -
The issuance of non-agency residential mortgage-backed securities (RMBS) so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.
July 2 -
The Trepp CMBS Delinquency Rate posted a 42-basis-point drop to 8.65% in June, the lowest level in almost three years.
July 2
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U.S. residential mortgage backed securities serviced by Nationstar will recognize about $1 billion of losses as the result of loan modifications, according to Fitch Ratings.
July 2 -
Standard & Poor’s assigned 'BB-' ratings to the class A notes issued by Renaissance Re and DaVinci Re $150 million catastrophe bond called Mona Lisa Re (Series 2013-2).
July 2 -
The doubling of interest rates on new government guaranteed student loans could actually benefit some holders of bonds backed by existing loans, according to Fitch Ratings.
July 2 -
Two commercial backed mortgage securities conduits, one offered by JP Morgan and another by Deutsche Bank, Cantor Fitzgerald and UBS, priced this week at wider spreads than recent deals.
July 2 -
Springleaf Financial is issuing a $875.499 million subprime mortgage-backed securitization.
July 2 -
Ares Management named Jeffrey Kramer as a portfolio manager in the firm’s capital markets group;he will lead a “tactical expansion” of the firm’s structured credit business.
July 2 -
Horizon Technology Finance Corp., a specialty finance company, has issued $90 million of notes backed by secured loans to technology and healthcare start-ups.
July 2