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The deal has a step-up coupon feature that calls for the fixed rates on classes A1, A2 and A3 to increase by 100 basis points, subject to the net weighted average coupon (WAC) after four years.
January 31
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The Federal Home Loan Bank called the transition to special policy advisor a joint decision between the executive and board as new reviews in Washington start.
January 31
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The financial services unit also made a categorization change that revised comparisons to prior periods and will be working with its REIT affiliate in new ways.
January 30
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The Long Island-based company, which is in the middle of a makeover, saw its stock price rise sharply after reporting a net loss that was less than what analysts expected.
January 30
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Mortgage lenders still need to monetize mortgage servicing rights quickly amid the sluggish housing market, representing more opportunities for the firm.
January 30
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Rebranded Two far exceeded consensus on net profit but took a loss in comprehensive income during a period in which it had to hedge to address market risk.
January 30
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The bank anticipates recent changes will help it rebound soon from a quarter in which commercial-loan distress grew and a sale of the company fell apart.
January 28
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The homebuilder saw profits grow for the fourth straight quarter, even as the number of new orders decreased.
January 28
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The market is watching to see how investors handle any market dislocations that arise as elected leaders look to reform the government-sponsored enterprises.
January 27
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Fannie Mae and Freddie Mac's stock were downgraded to "underperform" by KBW as they are currently priced above its expectations.
January 27
