On the heels of its first CLO transaction this year, Western Asset Management is back in the market with a $355.72 million private-label RMBS offering in which a tenth of the borrowers have been granted forbearance in light of the ongoing coronavirus pandemic.
Arroyo Mortgage Trust 2020-1 is Western Asset’s fifth private-label RMBS deal, and it is split into seven portions, topped by a $298.45 million AAA-rated piece, with the remainder split into tranches notching down to single-B and a $4.09 million unrated piece.
