J.P. Morgan’s jumbo mortgage pool raises $391.5 million in RMBS
The deal structure includes a lock-out feature that will redirect the portion of the subordinate principal among other protective features like subordination.
Jumbo mortgages
PennyMac prime jumbo loans back $324.2 million in RMBS
Despite a limited representation and warranty framework, the entire pool has experienced third-party due diligence, which reduces the risk of future violations.
Goldman’s prime jumbo mortgage pool will raise $471 million
The transaction uses a shifting interest repayment structure, and its lockout that is subject to performance triggers.
Chase RMBS issuance raises $501.7 million
The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.
Angel Oak eyes non-QM growth if Trump GSE plan advances
Easing regulations on the GSEs will likely drive elevated activity in non-QM if or when it occurs, leaders at the real estate investment trust also said.
Sequoia prepares to sell $562.7 million in prime jumbo mortgages
The senior certificates get credit protection from a specified lockout period, when the subordinate classes will receive no unscheduled principal payments from the collateral mortgages.
Sequoia continues financing jumbo mortgages with a $324.6 million raise
SEMT 2023-2 shifted some of its underwriting from traditional full documentation to agency underwriting, with the latter accounting for 14.1% of the pool balance.
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.
Prime mortgages underpin a potential $1.6 billion RMBS from JPMorgan
All but 501 of the loans in the pool were assessed following the new general QM rule. Otherwise, the pool is largely comprised of jumbo, prime loans.
Increase in jumbo QM loans helps to boost credit availability
It’s getting easier to close bigger loans for higher-priced properties, but credit is expanding slower for first-time buyers.
Prime jumbo mortgage lending by nonbanks set to grow in 2021
Upcoming changes to underwriting regulations, as well as the end of the QM patch, in addition to growing home values, all add up for this market to have a good year.
Refi loans make up bulk of Chimera’s second prime jumbo MBS in 2020
The pool of 359 loans also on average carry higher balances (over $900,000) compared to the REIT's earlier pass-through deal this year.
By
Glen Fest
2021 RMBS to benefit from tighter underwriting put in place for COVID
But existing deals are likely to experience issues resulting from higher defaults, faster prepayment speeds.
Mortgage credit rises as more lower score loan products offered
Lenders also increased jumbo product availability as well as rolling out new SOFR-indexed ARMs.
Mortgage credit rises in July, as ARMs, jumbos come back
Conditions have improved for the first time since November.
Wells Fargo expands nonconforming jumbo refi loan criteria
However, those who aren't current bank customers need to have $1 million in a qualifying account.
While total forbearances decline, nonagency plans rise
Compared with the week prior, approximately 57,000 fewer loans from all investor types were forborne.
Coronavirus causes mortgage lenders to cut credit to a 5-year low
Many originators stopped making riskier products, including jumbo loans and low credit score offerings, during April.
MBA applauds Fed’s CMBS stimulus as credit index hits 5-year low
The Federal Reserve's $2.3 trillion loan stimulus includes plans for outstanding commercial mortgage-backed securities and newly issued collateralized loan obligations.
Lenders’ profit optimism spikes to four-year high: Fannie Mae
A swell of refinance demand amid a low mortgage rate environment pushed lender profit margin outlooks to the highest level since the first quarter of 2015, according to Fannie Mae.
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