Exeter Finance has hired Freddie Mac executive Paige H. Wisdom to be its chief financial officer.
Exeter, a subprime auto lender in Irving, Texas, on Friday said
Wisdom has been chief enterprise risk officer at Freddie Mac since 2010. She had previously been CFO for Bank of America's global business and financial services division.
Exeter, one of the
Catastrophe bonds come with risk and unique advantages as some call the asset class "the holy grail" of investments.
The Consumer Financial Protection Bureau has long been a target for conservative ire, but dismantling it would require Congress' cooperation.
The market expects 5.2% yields on the AAA-rated tranche, slightly tighter than the 5.1% seen on the AAA-rated notes on an earlier deal, the Affirm Asset Securitization Trust, 2024-B series.
For the second time in the past three weeks, the 30-year fixed mortgage moved lower, but investors want clarity about U.S. economic policy, Freddie Mac said.
There is a three-year revolving period when the transaction will not make any principal payments to the notes unless an early amortization event occurs.
The deal comes about 18 months after Maritime Partners completed its securitization of Jones Act shipping business revenue, raising $235.3 million.
