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Canyon Partners inks deal helping A&D sell more mortgage bonds

Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a partnership that will help the mortgage finance company substantially increase the pace of its bond sales.  Canyon will buy the riskiest slices of residential mortgage-backed bonds ineligible for guarantees from Fannie Mae and Freddie Mac, […]

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Treasuries tack onto historic gain ahead of quarterly auctions

US Treasuries, coming off their best day so far this year on Friday, held onto most of the move to start a week featuring a heavy slate of note and bond auctions. Yields on longer-dated bonds settled two basis points lower Monday afternoon in New York, while shorter-dated yields were little changed. Earlier, they fell to session

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Ginnie Mae executive Joe Gormley nominated as president

Ginnie Mae, a government corporation with the Department of Housing and Urban Development that protects funding for many U.S. mortgage loans, finally has a nominee for its long-vacant post of president. The Senate received the nomination of Joseph Gormley as Ginnie Mae president over the weekend and referred it to the Committee on Banking, Housing

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