US-Based Whole Loan Trading Desks
Interested in getting the forum's take on the most prolific (consumer) whole loan desks. I've noticed that these are often grouped with a bank's securitized products desk to facilitate the sec. process, and they seem to be more deal-oriented than trading-oriented.
Any info would be greatly appreciated, thx!
Based on the most helpful WSO content, whole loan trading desks in the U.S. are often closely tied to a bank's securitized products desk. This connection facilitates the securitization process, as whole loans are often packaged into securities for sale to investors. These desks tend to be more deal-oriented, focusing on structuring and executing transactions rather than traditional trading activities.
If you're looking for specifics, banks with strong securitized products operations, such as Goldman Sachs, Morgan Stanley, and Bank of America, are likely to have active whole loan trading desks. These desks typically handle consumer loans, mortgages, and other asset-backed products, aligning with the broader securitization and structured finance strategies of the bank.
For further insights, you might want to explore threads discussing securitized products desks or reach out to professionals in the space for a deeper dive into their operations and deal flow.
Sources: Just So You Guys Know..., https://www.wallstreetoasis.com/forum/trading/converts-trading?customgpt=1, Automation in fundamental finance roles, Best Banks for Sales and Trading?, Mid 90's was the wildest lending I've seen
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