Insurance regulators are seeking a firm to review commercial mortgage-backed securities after hiring Pacific Investment Management Co. to assess the industry’s home-loan investments. State insurance commissioners, in search of an alternative to rating firms Moody’s Investors Service and Standard & Poor’s, could pick an evaluator by Sept. 3 to review investment losses that carriers might suffer on about 7,500 commercial mortgage- backed securities.
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The average U.S. rate for a 30-year fixed mortgage fell to 3.33% this week, according to Freddie Mac, as the Federal Reserve’s bond-buying program created demand for securities backed by home loans.
Barbara Yolles is going to share her hard-won expertise at the engage.marketing summit June 11-12.