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The Open Secret That Is AGNC Investment's Achilles' Heel

The Motley Fool

AGNC's leverage increases risk In the company's 10Q (which is its quarterly report to the SEC), it states that: We pledge our securities as collateral under our borrowings structured as repurchase agreements with financial institutions. For example, American Home Mortgage, once a top-10 mortgage lender, went bankrupt in 2007.

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Blackstone Credit & Insurance (BXCI) Appoints Tyler Dickson as Global Head of Client Relations

Blackstone News

Tyler Dickson added: “I’ve admired Blackstone’s innovation since leading the firm’s IPO in 2007. In the past, Dickson held numerous markets and banking leadership positions including running corporate and investment banking, equity and debt capital markets, leveraged finance, structured finance and securitization businesses.

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William Bernstein Helps Investors Improve

The Motley Fool

Collateralized loan obligations from the Great Recession of 2007-2009, part of it is what causes the booms and busts. You get a bust, like we saw, for example, in the housing crisis in 2007-2009. William Bernstein: Exactly. Then all of a sudden bankers and investors get religion, they become a lot more conservative.

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Walker & Dunlop (WD) Q1 2024 Earnings Call Transcript

The Motley Fool

We are actively gathering year-end financial information for our entire portfolio, and with most of the data already collected, the weighted average debt service coverage ratio remains over two times, with most of the collaterals in our portfolio generating more than twice their annual debt service payments. Those are two examples.

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Transcript: Anat Admati

The Big Picture

So, until the financial crisis of 2007 and 2009 or however you go — you actually time it, I was in this finance bubble. Any kind, collateral, non-collateral. They don’t have collateral. So, that was that and then comes the financial crisis. I was teaching corporate finance. I did research, theoretical research.

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Transcript: Ted Seides

The Big Picture

SEIDES: John Yeah, I said back then, the bet started in 2007 and I say today, being in the market and investing in hedge funds is completely apples and oranges. This is the summer of 2007. RITHOLTZ: 2007. And he said, “Well, it has to be this and that “and it has to be collateralized with a letter of credit.”

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Transcript: Armen Panossian

The Big Picture

You’ve probably heard some aspects of this from the various interviews I’ve done with Howard Marks talking about the distressed asset fund they set up in 2007. You joined in 2007. But, but fast forward to June of 2007, you know, oaktree in the distressed debt landscape is, is really, you know, second to none.