Reuters first with news that BlackRock fund to finance and securitize US mortgages
11.01.2010
Reuters was ahead of other organizations with the November 1 news that BlackRock, the world’s largest money management firm with over $3 trillion in assets, is launching its own mortgage-backed securities. The story, a continuation of BlackRock’s fight to preserve rights of mortgage investors, was widely cited in many Wall Street research investment reports including Barclays Plc, Jefferies & Co. and Braver Stern Securities. Equally important, The New York Times’ DealBook, HousingWire, the Securities Industry and Financial Markets Association’s daily news file and one securitization publication whose news runs over the Bloomberg terminal either the entire scoop or featured it prominently in a broader article. The BlackRock story also inspired a Reuters BreakingViews column, which explained how the firm’s effort is an important step in the future of mortgage finance.
