Agency mortgage-backed securities issuance activity in June was hampered by a decline in refinance volumes, although for the full second quarter it was up over the previous period, a report from BTIG said. Processing Content The industry had a 3% decline in agency issuances to $118.5 billion. But for the companies BTIG covers — loanDepot, […]
Agency MBS issuance slows in June on fewer refis Read More »
OceanFirst Financial and asset manager 400 Capital Management are promoting a strategy that offers a variation on credit-linked notes regional banks have increasingly used as a means of obtaining mortgage capital relief in the U.S. market. Processing Content The companies applied the structure, which 400CM said appears to be the first fund-issued, rated, significant risk-transfer
Bank uses a twist on credit-linked notes for capital relief Read More »
Key insights: Dhivya Suryadevara is resigning as president of Fiserv. What’s at stake: The bank technology vendor is in the midst of a turnaround strategy that has included a shake-up of its management team. Forward look: Andrew Gelb and Srini Krish will be interim co-heads of financial solutions at Fiserv to support continuity. Fiserv’s attempt
Fiserv’s executive turnover continues with president’s resignation Read More »