Scott Buchta

Mortgage-Bond Auction Failures Reach Most in 2013 as Prices Drop

U.S. home-loan bonds without government backing are failing to trade at investor auctions at the fastest pace this year as prices tumble after a rally.

Brean Murray Hires Scott Buchta as Head of Fixed-Income Strategy

Brean Murray Carret & Co. LLC, the New York-based investment bank and asset manager, has hired Scott Buchta as its head of fixed-income strategy as the company expands in bonds.

Sandler O’Neill Hires Connelly, Buchta for Fixed-Income Sales

Sandler O’Neill & Partners LP, the investment bank that focuses on financial-services clients, hired a team of five people for its fixed-income group in Chicago.

Wall Street CMOs Crushed as Sales at 3-Year Low: Credit Markets

The Federal Reserve’s effort to support the economy by acquiring $40 billion a month of mortgage bonds is crimping Wall Street’s business of packaging the government-backed securities into new notes.

BofA Said to Ask Mortgage-Bond Buyers to Take Debt in Packages

Investors seeking to buy higher yielding, riskier slices of home-loan bonds sold yesterday by EverBank Financial Corp. were told they’d have a better shot if they also purchased some of the AAA rated classes, showing weaker demand for the top-ranked debt.

Fed Hinting on Mortgage-Bond Sales Brings Bernanke Tightening

Words may speak louder than actions for Federal Reserve Chairman Ben S. Bernanke when the time comes to outline plans to raise interest rates and shrink the central bank’s balance sheet .

Bear Stearns Thrives in Wall Street Diaspora Giving 4% to Sheryl Crow Tune

Three years after the collapse of Bear Stearns Cos., which helped fuel the worst financial crisis since the Great Depression, former bond executives of the firm are running businesses at one-time rivals, including Bank of America Corp. and Goldman Sachs Group Inc.

Refinancing Seen Peaking Without More Capacity: Mortgages

Mortgage-bond investors are betting the U.S. refinancing boom has little growth left, even with rates at record lows and President Barack Obama’s administration taking steps to widen access.

N.Y. Fed Backing Boosts Pimco Push For Mortgage Buybacks

The Federal Reserve Bank of New York joined with the biggest bond investors in the U.S. in seeking to force Bank of America Corp. to buy back bad home loans packaged into securities as the battle over who will bear mortgage losses intensifies.

Mortgage-Bond Sales Soar on Fed’s Refinance Push: Credit Markets

Sales of U.S.-backed mortgage bonds soared to a three-year high as steps by the Federal Reserve and Obama administration to make home ownership more affordable propelled a 34 percent jump in refinancing.

"The Street is long from a lot of customer sales in the last six weeks, and the move down in price has had an impact on their ability to provide liquidity."

- Scott Buchta on Jun 18, 2013

Fannie Mae

New York

Freddie Mac

Chicago

U.S. Stocks Fluctuate as Investors Await Fed Comments

European Stocks Fluctuate Before Fed as Nordea Slides

Yen Advances While Stocks Fluctuate Before Fed Statement

Singapore Urges Naming of Firms After Record Smog Level

Dollar Weakens on Fed Bond-Purchase Speculation; Krona Advances