Bond issuers exposed to billion of dollars of Detroit debt expect to emerge as winners in the long run from the largest municipal bankruptcy in the nation.
Executives at companies such as MBIA (MBIA) and Assured Guaranty (AGO) relaunched their municipal bond insurance businesses, arguing that Detroit losses will be miniscule and that the risks highlighted by the bankruptcy could drive more bond investors to demand payment protection.
On today’s sponsored episode, Editor in Chief Sarah Wheeler talks with Donna Spencer, vice president of servicer relationship and performance management at Freddie Mac, to discuss their new Servicing Excellence initiative and the benefits for their partners. Related to this episode: Related to this episode: Servicing Excellence https://sf.freddiemac.com/articles/insights/servicing-excellence Forging a New Path: The Future of […]
