Karen Brettell This is Me

 Web References

1. 1. Institutional Investor

   www.institutionalinvestor.com/ - [Cached]

   Published on: 11/5/2003   Last Visited: 11/5/2003

   Karen Brettell
   
   Derivatives Week

2. 2. www.derivativesweek.com

   www.derivativesweek.com/top+st - [Cached]

   Published on: 12/15/2002   Last Visited: 12/21/2002

   Karen Brettell
   
   Banc of America Securities has structured what is believed to be the first synthetic securitization of residential mortgages in the U.S. and is eyeballing other forms of consumer risk that could be suitable reference entities. The private deal, dubbed RESI (Real Estate Synthetic Investments), is referenced to a USD12 billion portfolio of Bank of America residential mortgages and was pricing as DW went to press, said an official familiar with the deal.
   
   BofA decided to execute a synthetic, rather than a cash deal, as it wanted to mitigate credit risk and did not need to raise capital, explained the official. The firm opted to securitize a portfolio of consumer risk, rather than corporate debt, because it is more diverse and of higher quality, which makes it attractive to investors. The deal is the firm's second synthetic securitization of consumer risk: in August it securitized a portfolio of agricultural loans made by Northwest Farm Credit Services.

3. 3. BofA Structures Debut Synthetic Mortgage Deal - Institutional Investor

   www.institutionalinvestor.com/ - [Cached]

   Published on: 12/19/2002   Last Visited: 12/28/2002

   Karen Brettell
   
   Derivatives Week