GLG News by Financial Guaranty Experts

This article is important because it announces the willingness of US mortgage lenders, most of which are banks, to supplement their typical funding mechanism (i.e. mbs) to covered bonds.  The article also provides a brief explanation of the covered bond structure and its authors indicate that several...

This article is important because it contains a detailed and substantiated explanation of why the current problems with subprime lenders are an opportunity and why, despite the predicitions of just about every newspaper in the country, subprime loans are here to stay.

This WSJ article is a cogent summary of recent efforts by State legislatures to protect borrowers against subprime lenders. If implemented, any one of these proposed laws will immediately cut-off a vital source of funding for subprime borrowers.In addition, the statutes would generate a significant...

Mr. Jubak's article is definitely worth reading, if only to hear his explanation of the current risks being taking by bond investors: insurance.  In his explanation, Mr. Jubak does a terrific job of dissecting credit default swaps and proceeds to inform us that the increase in their availability...

This article represents the sole rational and credible (by virtue of the speaker's managing the world's largest bond funds) description of the current mbs market conditions and the impact on mbs investors.

The article describes Wall Street's increased intent to "put-back" subprime loans to the lenders who sold them and the consequent impact such requests have on subprime lenders without access to funds.

This article is a concise description of the economic and political relationship between China and Africa.  Worth reading, since the impact of this relationship is broader than one would assume.

This WSJ editorial is a persuasive, cogent response to the current Hill hearings on subprime mortgage delinquencies.  After expressing some doubts about certain attendees of the hearings, the author concludes that the major complaintants of subprime mortgages are the same folks who would be putting...

Managing expectations of shareholders, managers or finance directors is not easy, especially when a third party removes a significant part of your premium base at a stroke.  

After twenty years in the industry, the industry cycle looks to me just like it looked last time and the time before. Despite apparent changes to expertise, capital providers and products; in 2007 the reinsurance industry appears to be heading in pretty much the same direction as in previous cycles...