Sentences with phrase «mortgage bond manager»

(CMBS was a specialty of minewhen I was a mortgage bond manager.)

As a former mortgage bond manager, I always found the RMBS structures to be weaker than the CMBS structures, and wondered what would happen if a crisis ever hit.

2) I want to find the guy (s) who taught me when I was a young and impressionable mortgage bond manager (age 38, I came to the game late) that swap spreads could not go negative; sorry, it ain't true.

That was fun to write, and a labor of love, but before I was a corporate bond manager, I was a Mortgage Bond Manager.

And so, with mortgage bond deals, even more than corporate bond deals, liquidity is but for a moment, and that affects everything that a mortgage bond manager does.

When I was a mortgage bond manager, I did my own work.

I met him back when he was with First Boston, and I was a mortgage bond manager.

When I was a mortgage bond manager, I spent time on any deal, even at the AAA level by asking, «Who has skin in the game?»

For a corporate bond prospectus, this one is really long, ~ 320 pages, longer than some securitizations that I used to buy as a mortgage bond manager.

In my life, I have been a mortgage bond manager, and a corporate bond manager.

(Oddly, when I was a corporate and mortgage bond manager, the people I interacted with were far less slick.

Mortgage bond manager and Risk Manager for Mount Washington Investment Group, which was managing the assets of Fidelity and Guaranty Life.

As a former mortgage bond manager, it helped me a lot to understand the math.

In the panic that ensued, Treasury yields fell, and my boss asked his new mortgage bond manager, me, why prepayments weren't accelerating.

I had been the mortgage bond manager and risk manager of a unit managing the assets of a medium - to - large life insurer, when the boss left to take another job in the midst of a merger.

3) The first half of the post, The Education of a Mortgage Bond Manager, Part IX, would also fit into this series — the amount of math that went into the analysis was considerable, but the regulatory change that drove it led us to stop investing in most RMBS.

I once was a mortgage bond manager, and I bought senior securities because the yield spreads on the lower - rated securities were so small.

In 1994 to early 1995, that illusion was destroyed as the bond market was dragged to higher yields by the Fed plus mortgage bond managers who tried to limit their interest rate risks individually, leading to a more general crisis.

To maintain a neutral market posture, mortgage bond managers sold long Treasury and mortgage bonds, forcing long rates still higher.

An aside before I go on — 1989 through 1993 was the era of clever mortgage bond managers, as CMOs sliced and diced bundles of mortgage payments so that managers could make exotic bets on moves in interest and prepayment rates.

Not exact matches

But the real emergency affects mainly debtors — mortgage debtors with negative equity, companies loaded down with junk bonds (many of them taken to buy back corporate stock and increase dividend payouts to increase the price at which managers can cash out).

The Obama Administration's Wall Street managers have kept the debt overhead in place — toxic mortgage debt, junk bonds, and most seriously, the novel web of collateralized debt obligations (CDO), credit default swaps (almost monopolized by A.I.G.) and kindred financial derivatives of a basically mathematical character that have developed in the 1990s and early 2000s.

H.L.: The stock market, hedge fund managers, banks, and investors were all aflutter about Federal Reserve Chairman Ben Bernanke's comments about possibly tapering off on its monthly purchase of $ 85 billion worth of Treasury bonds and mortgage - backed securities.

In 1998, he joined the Mount Washington Investment Group as the Mortgage Bond and Asset Liability manager after working with Provident Mutual, AIG and Pacific Standard Life.

In pursuing income, the fund's managers have the flexibility to invest across the fixed income spectrum, including Treasuries, mortgage - backed securities, corporate bonds and floating - rate term loans.

In 1998, I joined the Mount Washington Investment Group as the Mortgage Bond and Asset Liability manager after working with Provident Mutual, AIG and Pacific Standard Life.

Bond Markets Pimco Sells Canadian Provinces After Worst Rout Since «94 Fascinating 2c everything hit after shift in Fed Lingo $ $ Jul 05, 2013 Fund Manager Ducks Mortgage Trouble — at His Peril...

Pursuing income with an all - weather bond portfolioDiverse opportunities: The fund invests across all sectors of the U.S. bond market, including mortgage - backed, corporate, and government bonds.A flexible strategy: The portfolio managers pursue an attractive level of income, adjusting the portfolio to favor attractive sectors as interest rates and market conditions change.Leading research: The managers, supported by Putnam's fixed - income research division, analyze a range of bonds to build a competitive portfolio.

Michael is a Fixed - Income Portfolio Manager responsible for managing mortgage and government bond portfolios for Wellington Management's mutual fund, institutional, and government clients.

Prior to joining Wellington Management in 2003, Joe was a senior portfolio manager and head of US Fixed Income at State Street Global Advisors, working on a wide range of fixed income portfolios, including those concentrating on total return, mortgage - backed securities, non-dollar bonds, and investment grade credit (1996 — 2003).

Seeking opportunities through mortgage - backed securitiesBroad securitized opportunities: The fund invests in mortgage sectors, including agency MBS and CMOs, and non-agency RMBS and CMBS, and ABS.Higher potential returns: By investing in mortgage - backed bonds, the fund can offer the potential for higher returns than an investment strategy focused only on agency MBS.Leading research: The fund's portfolio managers use proprietary models to assist in the evaluation of mortgage - backed bonds and to manage the fund's interest - rate risk.

Having been a mortgage and corporate bond manager back then, I'm not sure I agree.

During his 25 - year investment career, Mr. McDonald previously served as senior vice president and portfolio manager at Life Partners Group, Inc., managing corporate bonds, private placements and mortgages.

Sean Corcoran has been appointed portfolio manager and joins Franco Castagliuolo as co-manager on Fidelity Advisor Mortgage Securities Fund (with retail and Advisor share classes), Fidelity GNMA Fund, Fidelity Government Income Fund (with retail and Advisor share classes), Fidelity Inflation - Protected Bond Fund (with retail and Advisor share classes), Fidelity Intermediate Government Income Fund, and Fidelity Limited Term Government Fund.

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NEW YORK CITY — Pembrook Capital Management LLC (Pembrook), a commercial real estate investment manager that provides financing throughout the capital structure including first mortgages, mezzanine, bridge loans, note financings, and preferred equity for most property types, as well as tax - exempt bond financing for the acquisition, construction and rehabilitation of multifamily housing, announced the closing of a $ 7.5 million preferred equity transaction that will be used to facilitate the construction of Lincoln Park, a Brooklyn, NY development consisting of two Class A, multi-family apartment buildings, totaling 133 units.

(Bloomberg)-- Deutsche Bank AG sought an unusual provision in its $ 7.2 billion mortgage - bond settlement with the U.S. government, and seems to have won it: the bank can pay down part of its penalty by lending money to fund managers...

(Bloomberg)-- Many fund managers are fearful about the Federal Reserve shedding its massive $ 1.78 trillion mortgage bond portfolio, a step it plans to start next month.

Mortgage bond fund managers known as real estate investment trusts have been raising cash at their fastest pace since 2013, giving them enough new capacity to buy more than $ 30 billion of the securities, according to data compiled by Bloomberg.

Prior to the downgrade of the country's AAA credit rating, the Justice Department launched an investigation into Standard & Poor's rating of mortgage securities in the years before the financial crisis, with indications that calls by analysts to downgrade the bonds were overruled by business managers.