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The $650.5 million transaction is also slightly more geographically concentrated in California and New York, and a higher proportion of the loans were originated through correspondent and broker channels.
May 23 -
The $1.56 billion Towd Point Mortgage Trust 2018-2 also features higher exposure to loans on investment properties, in some cases loans backed by single-family homes in more than one state.
May 22 -
The online lender was able to lower the credit enhancement (again) on its latest securitization of consumer installment loans, the $221.9 million Avant Loans Funding Trust 2018-A.
May 21 -
The $770 million transaction is also more concentrated in terms of obligors than MassMutual's prior deal, though more of these corporate obligors have investment-grade ratings, resulting in a lower WARF.
May 18 -
Affinity's NREIG unit will become OwnAmeria's preferred insurance provider; landlords who list their portfolios will be able to apply for insurance directly from the trading platform.
May 18 -
Two of the loans, or 10% of the $730 million of collateral, are secured by buildings that derive considerable income from parking, which Kroll Bond Rating Agency warns can fluctuate.
May 16 -
Unlike the sponsor's previous four deals, which were backed at least in part by jumbo loans, all of the collateral for FSMT 2018-3INV is eligible to be purchased by either Fannie Mae or Freddie Mac.
May 15 -
Requiring solar panels for all newly constructed residences is good news for investors who finance these systems, if only because it will help keep developers afloat, according to Moody’s Investors Service.
May 15 -
The Plano, Tex., company was founded by veterans of AIG and GE and has been in business only three years; the $598 million transaction represents roughly a quarter of loans and leases it has funded to date.
May 14 -
The Show Me State accounts for 9.1% of the collateral, up from 3.4% from the sponsor’s prior deal, completed in November; as of April, 12 homeowners in the state had missed a payment.
May 11