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The companies have been under government conservatorship since the 2008 financial crisis. Fannie and Freddie have both returned to steady profitability.
May 28 -
The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.
May 20 -
A range of investment residential properties, including single-family homes, condominiums and multi-unit properties, will secure the debt.
May 14 -
Moderate leverage is one example of cleaner credit, as the current collateral pool's original loan-to-value (LTV) ratio is 69.1%, down from 71.7% on the 2024-NQM1 series.
April 10 -
Originators applied bank statement, full documentation and profit and loss documentation in their underwriting.
April 8 -
The deal is composed of 11,547 seasoned performing and reperforming loans that are first and second lien. Loan servicing includes a 180-day chargeoff feature.
April 1 -
Second-lien loans make up virtually the entire pool, which carries some risk of poor recovery rates. Yet 78% of the pool is also considered safe-harbor mortgages.
March 24 -
Now the structured mortgage securities are cheap enough that CLO investors are watching them more closely, according to strategists and investors.
March 12 -
Excess cash flow will pay timely interest and protect against realized losses in the rated certificates before being paid out to the class X notes.
March 4 -
Small-balance commercial mortgages, SBA 504 and investor loans, all first-lien, make up the collateral pool.
February 24