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Consumer and Mortgage-Backed Securities
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 | Michael Babick
Managing Director
(212) 408-6033
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| Jeff Nabi
Senior Managing Director
(212) 261-5528
Email | | Jack Gray
Managing Director
(212) 261-5549
Email | | Ted Bouloukos
Director
(212) 261-5541
Email | | Sam Nakhleh
Vice President
(212) 261-5522
Email | | Rafi Warburg
Vice President
(212) 408-6011
Email | |
| Mike Walker
Director
(212) 261-5575
Email |
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Assured Guaranty Corp. is a leading provider of triple-A rated credit enhancement products for asset-backed and mortgage-backed securities. Our team of senior professionals has extensive experience in all sectors of these markets. They have worked for leading investment and commercial banks, institutional investors and rating agencies. Seasoned legal and credit talent support the transaction teams, enabling them to meet tight deadlines and provide execution certainty. Our professionals are skilled at developing “win-win” solutions to challenging situations, bringing market knowledge, creative thinking and disciplined analysis to bear on the transactions in which we participate.
Assured Guaranty’s unconditional and irrevocable guaranty of timely principal and interest payments benefits both issuers and investors.
- Provides AAA/Aaa/AAA ratings to the wrapped securities, lowering the issuer’s cost of capital
- Expands the investor base for issuers and deepens investor capacity
- Helps create stable access to primary capital markets and greater trading liquidity in the secondary market
- Expands the market acceptance of new asset types and complex transactions, providing greater investor comfort and capital markets access to issuers
- Allows a full range of execution options (public, private and synthetic)
- Provides a single transaction counterparty for documentation and amendments
Assured Guaranty’s professionals have executed transactions in a broad range of asset classes in various markets in both public and private transactions, and in the U.S. and international capital markets. Assured Guaranty’s consumer and mortgage-backed securities business focus includes the following asset classes:
- Auto loans and leases
- Credit cards (private label and bank)
- Consumer loans
- Student loans
- Home improvement loans
Assured Guaranty's mortgage team is experienced in virtually all product types and sub-markets in the mortgage-backed securities sector including:
- Prime jumbo
- Alt-A
- Home equity line of credit (HELOC)
- Sub-prime
In addition, Assured Guaranty professionals are familiar with and have closed mortgage transactions in international markets including Europe, Hong Kong and Australia.
As part of its disciplined underwriting culture, Assured Guaranty adheres to certain parameters in its assumption of risk. The following provides general guidance on asset-backed and mortgage-backed securities transactions that can be considered:
- Investment grade ratings by Standard & Poor’s, Moody’s Investors Service and/or Fitch Ratings
- Minimum transaction size of $50 million
- No single name corporate exposures
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