Joy Wiltermuth is a reporter at IFR, where she writes about the securitisation market. In the past five years, she has written about new types of mortgage bond deals hatched since the financial crisis, litigation and regulation. She was previously a reporter for Debtwire in New York and also worked for Institutional Investor.
A dozen bonds issued by the National Collegiate Student Loan Trust (NCSLT) roughly a decade ago could be downgraded by several notches if a proposed settlement is upheld, Fitch Ratings said in a report on Monday.
Hurricane Maria has put nearly US$1bn of property loans in Puerto Rico at risk that were packaged into commercial mortgage bond deals, S&P said in a report on Saturday.
Regulators have asked Blackstone subsidiary Invitation Homes, one of the largest US landlords, to provide information on how it values homes that end up bundled into mortgage-backed bonds.