Bowie Bonds Did the Incredible: Make Securitization Glamorous

January 13, 2016 1:26 PM

2:24

David Bowie's financial innovation of issuing bonds against his royalties gave securitization a certain luster. Then subprime mortgages came along.

TRENDING

Treasurys

30-year bond yields rise to highest since May on growth outlook

Yields on 30-year bonds rose as much as 6 basis points to 4.68%, a level last seen at the end of May.

By Ye Xie

November 18
Housing markets

Gen Z's share of the mortgage market is about to quadruple

Those born between 1997 and 2012 will go from making up a scant 6% of today's market to a 25% share by 2028, and mortgage lenders need to be ready to serve them.

By Brad Finkelstein

November 18
RMBS

COLT's portfolio of mortgages to raise $217.6 million in notes

The notes benefit from credit enhancement levels of 30.45%, 24.3%, 13.8%, 8.65%, 5.00% and 2.05% on the A1, A2, A3, M1, B1, B2 and B3 tranches, respectively.

By Donna M. Mitchell

November 18