Bank Investors Tipped To Snap Up Last Of NCUA Floaters

Bank investors are expected to drive record tights on Barclays Capital’s final resecuritization of legacy National Credit Union Administration collateral, a $2.21 billion residential mortgage securitization called NCUA Guaranteed Notes Trust (NGN) 2011-M1.

  • 06 Jun 2011

--Joy Wiltermuth

Bank investors are expected to drive record tights on Barclays Capital’s final resecuritization of legacy National Credit Union Administration collateral, a $2.21 billion residential mortgage securitization called NCUA Guaranteed Notes Trust (NGN) 2011-M1.

The novel deal, the 10th in a series, is made up of mortgage bullets, ...

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2 Rabobank 23.18
3 Morgan Stanley 11.45
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5 Morgan Stanley 3,725.45 12 5.28%