| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 179,950.1 | 228,747.2 | 264,209.0 |
| ABS (Public + 144A excluding CDOs) | 156,231.3 | 165,460.3 | 185,594.6 |
| ABS (Public Only) | 72,452.7 | 90,855.1 | 109,221.6 |
| ABS (144A Only) | 107,497.4 | 137,892.1 | 154,987.4 |
| Non-Agency MBS | 62,135.2 | 103,398.1 | 100,635.7 |
| Agency MBS | 221,509.1 | 182,679.7 | 184,789.4 |
| CMBS | 88,059.9 | 84,418.9 | 76,953.3 |
| Source: Thomson Reuters | |||
The securitization is backed by a 174,000-square-foot, 30-megawatt hyperscale data center in Elk Grove Village near Chicago.
The deal is backed by recently originated, 30-year fixed-rate mortgages with an average combined loan-to-value ratio of 75.1%, according to Morningstar DBRS.
This marks the second transaction from the shelf, backed by 651 first-lien, fully amortizing fixed-rate mortgages.
All loans in the deal's portfolio were made to investors and underwritten based on property cash flow and rental income to determine borrower eligibility.
A federal judge Wednesday said the Department of Housing and Urban Development failed to justify a sharp overhaul of a long-standing fair-housing grant program.
If Fed Chair Kevin Warsh's comments lack substance on inflation in the market's opinion, it is likely to drive mortgage rates even higher, NerdWallet warned.
