RBS Loan Desk Vet Joins FBR

Published August 19, 2009, 11:34 a.m. EDT

1 Min Read

Former Royal Bank of Scotland loan desk senior vice president has joined FBR Capital Markets, Leveraged Finance News has confirmed. Joseph Brosnan is now in the credit sales and trading group at FBR’s New York office.

Brosnan is a senior vice president and desk analyst for FBR Capital Markets. He began working there last month. He reports to Michael Lloyd, senior managing director and head of the credit and convertible securities group.

FBR Capital Markets is an investment banking, advisory, institutional brokerage and research firm. It is headquartered in Arlington, Va. and has offices in London, Boston, New York, Dallas, Houston, San Francisco and Irvine, Calif.

Processing Content

MORE FROM ASSET SECURITIZATION REPORT

Esoteric ABS

Equipment contracts back Channel EF, raising $204.8 million in ABS

Notes will amortize sequentially to allow cash to be released to the issuing entity on a limited basis if it maintains the overcollateralization target.

By Donna M. Mitchell
Editor

3h ago
Consumer lending

Groundfloor's consumer loan venture is in a $3 million capital raise

Consumer Credit Portfolio II is not a securitization, but Groundfloor is known for two deferred-pay residential transition loan ABS that are paying investors higher premiums than rated RTLs.

By Donna M. Mitchell
Editor

May 13
M&A

Two Harbors rejects UWM's hostile $12.50 offer

The announcement comes following an Institutional Shareholder Services report which urges shareholders to vote no on the CrossCountry Mortgage transaction.

By Brad Finkelstein
Originations Editor

May 13
Foreclosures

End of FHA pandemic relief to kick off wave of foreclosures

The Federal Housing Administration put an end to pandemic-era relief last year, triggering a 28% jump in foreclosures on FHA loans in the first quarter and an expected spike in defaults ahead.

By Kate Berry
Reporter

May 13
Consumer lending

Late student-loan payments are rising. Is a domino effect coming?

The 90-day-plus delinquency rate on student loans hit 10.3% in the first quarter, and New York Fed researchers warn that a second wave of defaults could be coming. Evidence is mixed regarding the likely impact on other consumer-lending segments.

By Kevin Wack
Banking Editor

May 12
Esoteric ABS

Mexican fast-casual franchisor Qdoba raises $442.2 million in ABS

If principal and interest DSCR falls below 1.75x, then 50% of all excess cash flows will be deposited into the deal's cash trap reserve account.

By Donna M. Mitchell
Editor

May 12