Moody's Investors Servicehas named Roger Stein as head of a newly formed New Products Team within the Structured Finance Group, reporting to Noel Kirnon group managing director and head of CMBS and derivatives. Stein will assume the new position of Team Managing Director of Moody's Managed Funds Group, which has been transitioned into the Structured Finance Group. Most recently Stein served as a senior manager at Moody's KMV. Stein joined Moody's in 1989 as a member of the Structured Finance Group, rating collateralized bond obligations.
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The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
2h ago -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23 -
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
April 23 -
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
Price guidance was not available on the series 2024-1, the database notes that the series 2024-2 class A notes are expected to price between 63 and 65 basis points over the three-month interpolated yield curve.
April 22