Jefferies Group has added a third lender to its latest securitization of a mortgage warehouse facility.

Proceeds from the $300 million Station Place Securitization Trust 2017-1 will be used to purchase mortgages eligible for sale to Fannie Mae, Freddie Mac, or Ginnie Mae from three lenders, one more than previous deals. The facility provides these lenders, presumably nonbanks, with funds to make more loans. And the loans in the warehouse facility are bundled and sold to agencies, credit will be freed up to purchase more loans from the lenders.  

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