Joy Wiltermuth

Yellen warns of corporate distress, economic fallout

Feb 27 2019

NEW YORK (LPC/IFR) - Former Federal Reserve (Fed) Chair Janet Yellen warned on Tuesday that America's corporate debt binge could end up sparking a deeper recession when the next downturn hits.

REFILE-RPT-Rating firms look harder at corporate leverage

Oct 05 2018

NEW YORK, Oct 5 (IFR) - Rating agencies are turning up the heat on companies that have not met commitments to reduce debt after making significant acquisitions by warning their ratings will be cut if they don't deliver.

Refinitiv deal wakes ghosts of LBOs past

Sep 14 2018

NEW YORK (IFR) - The return of big buyouts to the leveraged finance market has rekindled memories of the 2006 and 2007 bad old days of risky underwriting and excessive debt.

Mortgage bond ratings get harder to decode

Aug 31 2018

NEW YORK (IFR) - Credit rating opinions on new types of residential mortgage bonds have become increasingly divided, making it harder for investors to gauge their risks.

Crisis-era mortgage probe nears end with RBS settlement

Aug 17 2018

NEW YORK (IFR) - A multi-year investigation by US regulators into the role that big banks played in creating toxic mortgage securities nearly a decade ago is now drawing to a close.

Bond investors lukewarm on call to delay data

Apr 12 2018

By Eleanor Duncan, Joy Wiltermuth, Davide Scigliuzzo and Shankar Ramakrishnan

Exclusive: DOJ probing people who worked in DB's mortgage unit

Feb 08 2017

NEW YORK (IFR) - The US Department of Justice is investigating potential wrongdoing by individuals who worked in Deutsche Bank's mortgage unit in the run-up to the financial crisis, according to two sources familiar with the matter.

SoFi rides rally with new student loan securitization

Feb 02 2017

NEW YORK, Feb 2 (IFR) - Social Finance seized the recent risk-on wave for consumer-related debt by dramatically pulling in pricing on Thursday on its latest student loan securitization.

Kushner divests equity in major NYC property

Jan 31 2017

NEW YORK (IFR) - Jared Kushner has divested his equity interest in 666 Fifth Avenue, a 39-story office and retail building on Manhattan’s famed shopping area, according to a spokesperson at Kushner Companies.

CMBS tied to Trump son-in-law sails through market

Jan 27 2017

NEW YORK (IFR) - Investors on Friday snapped up a new US$1.11bn commercial mortgage bond backed by a highly leveraged loan to refinance a New York property owned by President Donald Trump's son-in-law.

World News

Let's talk, says Spain, as jailed Catalan separatists pardoned

MADRID/BARCELONA (Reuters) -Spain's government on Tuesday pardoned all nine separatist leaders jailed for their role in Catalonia's failed independence bid in 2017, expressing hope that the gesture might help end a trial of strength that has sown deep divisions.