RUN 2022-NQM1 aims to raise $331.4 million in MBS
Non-QM assets overlap almost perfectly with the portion of loans, 52%, financing properties where the borrower intends to maintain as a primary residence.
MBS
Wells Fargo Pressed by Senators on Race Disparity in Refinancing
The bank’s approval rate for Black applicants was the lowest among major lenders, the Bloomberg analysis of federal mortgage data found.
Towed Point Mortgage Trust looks to issue $247.7 million in notes
This is the third publicly rated, non-agency securitization to price in more than a decade. The collateral is FHA seasoned, non-performing and re-performing.
CSMC floats $251 million in non-QM mortgage-backed securities
Athas Capital Group originated the mortgages, which have an average balance of $408,350, and an average weighted average (WA) original term of 362 months.
COLT mortgage trust aims to raise $410 million in MBS
About 58.1% of the loans are in California, while two California cities — Los Angeles and San Diego — make up the pool’s largest MSA concentrations.
Fannie Mae launches its CRT transaction, the Connecticut Avenue Securities 2022-R02
If the minimum CE test or the delinquency test is not satisfied, then 100% of the scheduled and unscheduled principal will be allocated to the senior tranche.
BRAVO prepares to issue $414.2 million in RMBS from a mixed pool
Performing and re-performing loans are in the pool, as well as fixed, adjustable-rate and step-rate loans, and fully-amortizing balloon and interest-only mortgages.
Bayview MSR Opportunity floats $714.9 million in MBS
In addition to being almost entirely composed of investment-purpose mortgages, about 100% of the pool’s 2,175 mortgages are agency eligible.
J.P. Morgan Mortgage Trust approaches year-end with $1 billion in MBS
The Morgan Mortgage Trust platform has had a SOFR tranche on every previous 2021 deal, generally pricing with a spread of about 95 basis points over SOFR.
Towd Point offers MBS collateralized by low-FICO seasoned loans
The sponsor’s strong track record mitigates risks, including “dirty current” loans and low FICO scores.
Home Partners prepares massive $2 billion RMBS issuance
The enormous issuance is backed by a single loan secured by first-priority mortgages on a pool of about 6,148 single-family rental homes, and 299 townhouses.
Oceanview Mortgage Trust set to issue $496.6 million in MBS
The entire pool is comprised of fixed-rate, fully amortizing mortgages, with an average balance of $901,373. They are also first-lien loans.
Angel Oak Mortgage Trust plans a $590 million MBS deal
About 87% of the loans in the pool were underwritten to borrowers with less than full documentation and out of that group, about 63.9% were underwritten to a 12- to 24-month bank statement to verify income.
Freddie Mac issues $1.2 billion in pass-through certificates
The GSE comes to market with a pool that is less volatile than average Freddie Mac pass-through deals, plus below-average amortization.
Ellington Financial Mortgage plans to issue $257.6 million in residential mortgage-backed securities
Most of the home loans were originated post-COVID and are on owner-occupied properties.
OBX 2021-J3 offers prime mortgages in a potential $453.6 million transaction
While the collateral is high quality, analysts raised concerns about a number of key parties that they feel lack robust securitization experience and financial strength.
Chimera sponsors a $353.7 million MBS deal on stronger credits
CIM is secured by home loans making the most of second chances, and borrowers retaining their homes throughout several economic dips.
Citigroup floats $236.6 million in MBS backing single-family home investors
Conforming single-family homes, 65.3%, comprise most of the portfolio, and none of the borrowers in the portfolio had availed themselves of COVID-19 related forbearance.
Sequoia Mortgage Trust preps $448 million MBS, tapping distributed ledger technology for reporting
Sequoia Mortgage Trust is among the first to include a distributed ledger agent in its reporting processes.
Libor-linked mortgages in FEMA locales included in Starwood’s $465.2 million MBS deal
The varied portfolio includes loans with strong credit profiles, a WA FICO score of 734 and an original, combined loan-to-value of 68.3%.
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