Goldman Sachs Mortgage Co. has priced $394 million in notes above par in its first prime jumbo securitization of 2021, backed by a portfolio of 30-year mortgages with a balance of $415.7 million.
According to
The vast majority of the 423 loans in the deal are non-agency prime jumbo loans with an average loan balance of $982,788. The mortgages have a weighted average seasoning of two months, and average coupon of 3.087% -- the lowest among recent Goldman prime-jumbo securities offerings.
Nearly 93% were originated through retail channels including Cross Country Mortgage (41.4% of the pool balance), Guaranteed Rate Inc. (20.4%) and Movement Mortgage (10.7%). The collateral pool is nearly split between purchase loans (55.8% of the pool) and refinancing.
All of the loans are serviced by NewRez, d/b/a Shellpoint Mortgage Servicing.
