Personal loans underpin Theorem Funding's latest, for $358.7 million in ABS
October 21, 2022, 1:09 p.m. EDT 1 Min Read
The 30-year fixed mortgage rate rose for the first time in six weeks, driven by Friday's strong jobs report and renewed uncertainty around tariffs.
The notes are enhanced by a credit risk transfer agreement with Fannie Mae.
Growth in conventional originations at U.S. banks came with the unexpectedly rapid rise of 30-year fixed interest rates in 2022, Federal Reserve researchers found.
The transaction is a securitization of 4,841 prime residential owner-occupied mortgages originated in England, Scotland and Wales by Newcastle Building Society.
The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.
The portfolio has high credit quality loans and geographic concentration.