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Credit Suisse (CS) becomes just the 2nd issuer (RWT is the other) of MBS backed by jumbo loans...

Thursday, February 28, 10:11 AM ET
Credit Suisse (CS) becomes just the 2nd issuer (RWT is the other) of MBS backed by jumbo loans since the crash with a $425,7M deal. Fitch assigned a top rating to the vast majority of the paper, which has a loss buffer of 7.05%. Reportedly a partner in the securitization is Two Harbors (TWO).

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This news story has 2 comments:

satyamlo Comments (3)

How SBY reports after the close of trade today, and what it says during its conference call tomorrow morning may well tell a lot about the near term direction of TWO. An insider bought something like 16000+ shares of TWO at 12.60 roughly a week or so ago. Apparently TWO's ownership shares in SBY will be distributed in some manner to TWO shareholders as a special dividend after the lockup period expires in March. TWO hasn't said exactly when, for this will probably depend in part on market conditions.

28 Feb, 11:02 AM Reply Like

johnmather Comments (5)

They said mid-March.

28 Feb, 03:37 PM Reply Like

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