It’s official: Steve Horne out as Wingspan CEO

It’s official: Steve Horne out as Wingspan CEO

Jason Spooner takes over; Horne becomes senior advisor

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
W S
Investments / The Ticker

Credit Suisse scores again in second BlackRock RMBS sale

Pool was acquired from UBS in 2008

regulations
/ Print / Reprints /
| Share More
/ Text Size+

Credit Suisse on Tuesday won two separate bids for a combined $4.4 billion pool of legacy residential mortgage-backed securities sold by BlackRock, GlobalCapital is reporting.

The sale comes one week after BlackRock sold a record breaking $3.7 billion pool of subprime mortgage-backed securities, also to Credit Suisse.

The bank won both “all or nothing” offers, traders told GlobalCapital.

The two AON lists split a $4.4 billion pool of pre-crisis mortgage securities that BlackRock acquired from UBS AG in 2008.

Source: GlobalCapital
Read full story

Recent Articles by Trey Garrison

Comments powered by Disqus