Investments

May 24, 2013
Forthcoming RMBS deal feeds appetite of private-label market

A sizeable $8.7 billion nongency bid list submitted by Lloyds Banking Group to various...

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Now is an opportune time for long-duration investors to take a look at last cash flow collateralized-mortgage obligations as a result of sizable selling and higher rates. 

Mega bank JPMorgan Chase issued its second private-label RMBS deal of the year, with high geographic concentration as the primary risk posted within the deal.

ReWired

Talk that title insurer Fidelity National Financial and buyout firm Thomas H. Lee Partners are in advanced negotiations to acquire mortgage service provider Lender Processing Services is leading to a surge in the latter's stock.

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