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John Jukoski

Mr. John Jukoski Jr.

Former First VP & Director of Collateral Analysis, FEDERAL HOME LOAN BANK OF ATLANTA

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Member of the Financial Services Council

Council Member Biography

John Jukoski, was until June 2008, the First Vice President and Collateral Analysis Director at Federal Home Loan Bank of Atlanta. He directed the collateral operations, documentation and verification review areas of a $195 billion cooperative bank offering low-cost secured financing to commercial banks, thrifts, credit unions and insurance companies. Mr. Jukoski also had oversight of the calculation of collateral discounts (haircuts) for and the valuation of all mortgage and security collateral pledged to the Bank to make certain the Bank at all times had no exposure to loss from a liquidation of a member in default. Prior to joining FHLBA, He was an EVP & Director of Capital Markets at Aegis Mortgage Corp., where he was responsible for all prime and subprime interest rate risk management, pricing, whole loan sales and securitizations, investor relations, new product development and loan pooling and delivery for a nationally operating mortgage company with originations of $20 billion. Earlier, as SVP & Director of Capital Markets at GMAC Mortgage, Mr. Jukoski led a team of over 100 people responsible for interest rate risk management, loan sales and securitizations, product development, collateralized funding facilities, investor relations, government loan insuring, collateral management and loan pooling and delivery for a nationally operating mortgage bank managing $214 billion of servicing rights with annual originations of $115 billion. (This is me - Update Profile)


Employment History

2006 - 2008
First VP & Director of Collateral Analysis, FEDERAL HOME LOAN BANK OF ATLANTA
2005 - 2006
EVP & Director of Capital Markets, AEGIS MORTGAGE CORPORATION
2002 - 2005
SVP & Director of Capital Markets, GMAC MORTGAGE CORPORATION
1996 - 2002
First Vice President and Hedging Manager, FIRST NATIONWIDE MORTGAGE CORPORATION
1991 - 1996
Assistant Vice President, AMERICAN SAVINGS BANK FSB
1989 - 1991
Assistant Vice President and Team Leader, First Interstate Bank of California

GLG NewsSM Analyses by John Jukoski(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Res Capped Out

October 23, 2008

GMAC Struggles With Financing | www.nytimes.com

This is not surprising.  GM/GMAC has been dealing with diminishing liquidity going back to the creation of Residential Capital Corporation in 2006.

Be wary of synthetic markets

September 18, 2008

Leveraged Loan Risk Rises on Lehman Auction, LevX Index Shows | www.bloomberg.com

The analysis in this article is generally on point, but keep in mind this is a synthetic market.

Good Idea, Wrong Justification

September 11, 2008

Lehman Brothers faces Korean takeover bid | www.timesonline.co.uk

KDB in this case is playing the role of the blind squirrel who finds a nut.  It is wise to invest opportunistically, in ventures that are cheap, WHEN YOU UNDERSTAND THAT YOU ARE NOT KNOWLEDGEBLE IN HOW TO RUN THESE BUSINESSES. 

Credit vs. Collateral

September 11, 2008

ECB `Overpricing' of Asset-Backed Debt May Shut Out Investors | www.bloomberg.com

The question to answer here is whether or not the ECB is a collateral-based lender.

Markets can function regardless of the ECB's actions

September 11, 2008

ECB to Change Auction Rules to Stop Banks `Gaming the System,' Mersch Says | www.bloomberg.com

The fact the ECB might accept securities other central banks (or private lenders) might not is not preventing the market for these securities to correct.  Pledging securities to a collateralized lender will not affect the ability to sell these securities when the opportunity presents itself.

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