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The notes are enhanced by a credit risk transfer agreement with Fannie Mae.
July 9
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Portfolio managers are selling default protection at an increasing pace, a signal they see little risk on the horizon. Their position on the main investment-grade U.S. credit-default swap index now amounts to over $105 billion, the most in at least three years, based on data compiled by Barclays Plc and Bloomberg. It's a similar picture in Europe.
July 9
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Growth in conventional originations at U.S. banks came with the unexpectedly rapid rise of 30-year fixed interest rates in 2022, Federal Reserve researchers found.
July 9
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The transaction is a securitization of 4,841 prime residential owner-occupied mortgages originated in England, Scotland and Wales by Newcastle Building Society.
July 9
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The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.
July 8
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US Treasuries fell for a fifth day as demand for long-term government debt across the globe wanes amid a flurry of bond auctions this week.
July 8
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The portfolio has high credit quality loans and geographic concentration.
July 8
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New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."
July 7
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Moody's Ratings has assigned AAA to the Class A notes, which account for 87.3% of the transaction.
July 7
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This could be the second year in a row that the market for U.S. bank preferred shares has shrunk, something that hasn't happened since the lenders were replacing obsolete capital after the global financial crisis.
July 7
