Hints and tips:
...Since the crisis, Ellington has created and listed two permanent capital vehicles, a Reit and a $670m specialty finance company called Ellington Financial, which buys mortgage-backed securities and also...
...Concerns about its pricing strategy led Wm Morrison to another five-year low, down 0.7 per cent to 186.2p....
...and pension funds with no recourse for their faulty loans....
...KKR Financial Holdings (KFN), the specialty finance company with $17bn of assets under management, has been here before....
...KKR Financial Holdings, a specialty finance company affiliated with buyout shop KKR, has agreed to turn over mortgage-backed securities to satisfy $3.5bn in obligations to commercial paper holders, reports...
...From KKR Financial Holdings, filed with the SEC late on Tuesday: On February 15, 2008, KKR Financial Holdings LLC (the “Company”) entered into an Extension Amendment Agreement (the “Amendment Agreement”...
...Because the funding vehicle is non-recourse, the commercial paper holders will suffer any losses in excess of KKR Financial’s $200m of equity....
...Covered bonds are secured against pools of either mortgages or public sector loans but are deemed less risky than other mortgage-backed securities because investors have recourse to the issuing bank’s balance...
...Covered bonds are secured against pools of either mortgages or public sector loans, but are deemed less risky than other mortgage-backed securities because investors have recourse to the issuing bank’s balance...
...Wal-Mart , which withdrew its application to open a specialty bank on Friday, fell 2.6 per cent to $46.21. Target slid 3.4 per cent to $59.77....
...The specialty minerals and metals trader rose £20m after a 122p a share placing through Bridgewell. Spacelabs Healthcare also made progress on its AIM debut....
...Food retailers continued to feel the weight of Wednesday’s profit warning from the UK’s Wm Morrison – its fifth in less than a year....
...This is a long-established technique in mortgage banking but has been little employed in the life sector....
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