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As servicer, Rocket Mortgage will not provide advances of delinquent principal and interest. Doing so runs the chance of intermittent cashflows to the trust.
April 17 -
The deal has an extensive capital structure, which is expected to repay investors sequentially, with notes enhanced by subordination.
April 15 -
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Cross 2025-H3 has moderate leverage, according to KBRA, with a weighted average (WA) loan-to-value ratio of 72.3%, and a debt-to-income ratio of 33.5%.
April 14 -
The notes will get credit enhancement from balances on the subordinate bonds, which are permitted to amortize.
April 11 -
Originators applied bank statement, full documentation and profit and loss documentation in their underwriting.
April 8 -
So-called wet loans can be included in the transaction, and the servicer will have limited opportunity to deal with them without complete file information.
April 7 -
The impact of tariff policy on the mortgage-backed securities market is likely to surface first in the cost of new housing construction.
April 3 -
The underlying prime mortgages have an average balance of $358,024, a weighted average (WA) original FICO score of 776, an original cumulative loan-to-value (LTV) ratio of 73.6%.
April 3 -
Series 2025-SFR2 and 2025-SFR3 are due to close by the end of April and count single-family homes as their primary collateral.
April 2