| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 189,948.0 | 237,703.2 | 271,659.3 |
| ABS (Public + 144A excluding CDOs) | 169,229.2 | 172,797.6 | 190,133.9 |
| ABS (Public Only) | 77,694.6 | 93,597.9 | 112,827.4 |
| ABS (144A Only) | 115,253.4 | 144,105.3 | 158,831.9 |
| Non-Agency MBS | 62,399.7 | 108,528.0 | 102,355.2 |
| Agency MBS | 222,416.6 | 183,969.2 | 184,884.2 |
| CMBS | 88,753.5 | 84,548.7 | 78,034.0 |
| 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.
