Items Tagged with 'JER Investors Trust'

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  • Mortage REIT Insider: Alescoe's CDO Woe

    Perhaps the biggest story of the week was CDO woes anew at Alesco Financial [stock AFN][/stock]. This week’s blowup came courtesy of ailing Alt-A lender IndyMac Bancorp [stock IMB][/stock], which announced (in addition to a worse-than-expected quarterly loss) that it would defer the interest payment on its trust preferred securities. Alesco holds a portion of the equity interests in eight CDOs that include trust preferred securities issued by IndyMac.
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