Deals, trends and research in structured finance and asset-backed securities for the week of April 23-29

The West Palm Beach, Fla.-based lender sees an opportunity for even more growth after its deal to acquire a servicing portfolio from Texas Capital Bank.

The operator of 10 home-services brands is refinancing existing company debt with the securitization, according to KBRA.

Only $89 billion of the $362 billion in new single-family volume came from purchase mortgages.

But the rate for those loan-payment deferrals remains elevated over pre-pandemic levels.

Outstanding middle-market U.S. collateralized loan obligations in the first quarter had a significantly reduced concentration of near-default loans being held in portfolios compared to year-end 2020

Federal Reserve Chair Jerome Powell is dismissing claims that loose monetary policy has led to rising home values and shrinking inventory and insists that the market is buoyed by creditworthy borrowers and investors.

The Consumer Financial Protection Bureau has moved ahead with an earlier proposal to postpone the full adoption of the qualified-mortgage ability-to-repay rule, citing a need to maximize borrowers' credit access.

The modifiable templates are a follow-up to a similar notification the organization created in 2019 for lender use.

A new commercial-mortgage loan for seven facilities operated by the self-storage REIT is the largest of 41 loans in the conduit deal.

The subprime consumer lender will also collateralize loans from its newly launched secured-loan platform in its second securitization of 2021.

However, conditions for commercial mortgages overall worsened slightly due to persistent concerns in the hotel and office sectors, a Moody’s Investors Service report found.