Jonathan Polansky was appointed managing director of Moody's Investors Service's CDO group. In that role, Polansky will handle CDO surveillance, plus ratings for synthetic correlation trades and esoteric synthetics. Before the move, which is effective immediately, Polansky was a managing director in the rating agency's asset-backed commercial paper group since 2005. It also marks a return to derivatives coverage for Polansky, who joined Moody's derivatives group as an analyst in 1997. In 1999, Polansky left Moody's to head the structured products group at Triton Partners. Everett Rutan, a senior vice president, will assume Jonathan's responsibilities in heading up the U.S. ABCP team. He joined Moody's in 1997, covering term ABS, and moved to the ABCP group in 1998.
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A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
May 17 -
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
May 17 -
The 2024-5 series are secured by a pool of loans purchasing primary residences, with an original, cumulative LTV of 73.9%, and a debt-to-income ratio of 35.5%.
May 17 -
Citing auto sales as a potential leading indicator, observers say the labor market's health might be overstated, while auto ABS assets start to underperform.
May 17 -
An independent third-party company will provide the primary servicing, and the industry and equipment diversification levels are strong in the pool.
May 16 -
The current transaction will sell the most in securitized bonds since the 2022-1 series came to market with $850 million in notes.
May 16