The third issuance from the master trust has a higher average interest rate and greater expected losses than previous pools due to the inclusion of more higher-risk marketplace loans.
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Kroll Bond Rating Agency has tracked rising levels of annualized net losses in marketplace-loan securitizations except for, ironically, the riskiest pools it tracks from unsecured subprime lenders: both losses and delinquencies for subprime lenders' outstanding securitizations have fallen from September 2018 levels.
October 11
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The company has rolled out an online platform for firms considering marketplace loans as an asset class.
October 10
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A year after Fannie Mae launched its first credit-risk transfer securitization using a real estate mortgage investment conduit, Freddie is now electing to also opt for a REMIC format in offloading the credit risk to private investors.
October 10
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The developer of the newly constructed Washington, D.C., headquarters for Fannie Mae is securitizing part of its $525 million, 10-year mortgage through a single-asset, mortgage-backed transaction.
October 10
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Property assessed clean energy (PACE) securitization transactions are still feeling the chilling effects of tighter regulations meant to boost consumer protections, but Ygrene Energy Fund is still preparing to come to market with a sizable $312.7 million transaction.
October 9
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Private-label securitizations haven’t commanded a meaningful share of the mortgage-backed market in a decade. Trump administration officials seem intent on changing that
October 8
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The reforms will result in significant changes to the proprietary trading ban first proposed by former Federal Reserve Chairman Paul Volcker and mandated in the Dodd-Frank Act.
October 8
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The two Democrats waded into a court battle over the president's ability to fire a director of the Consumer Financial Protection Bureau.
October 8
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TGP is marketing the $1.23 billion TRTX 2019-FL3 Issuer, Ltd. Transaction, which has an initial pool of 22 borrowers of interest-only bridge loans on properties undergoing rehabilitation or conversion.
October 8 -
The end of the qualified mortgage patch should further accelerate non-QM origination growth, but is the mortgage industry ready?
October 8
- LIBOR
Investors and issuers understand Libor’s end is a near certainty. But many remain unprepared to replace the benchmark
October 8
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The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.
October 8
