| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 167,072.6 | 214,047.3 | 236,548.4 |
| ABS (Public + 144A excluding CDOs) | 143,943.5 | 155,018.7 | 165,358.3 |
| ABS (Public Only) | 68,150.3 | 84,934.0 | 100,698.2 |
| ABS (144A Only) | 98,922.3 | 129,113.3 | 135,850.2 |
| Non-Agency MBS | 68,829.0 | 98,740.5 | 85,996.8 |
| Agency MBS | 179,450.5 | 163,364.2 | 153,648.2 |
| CMBS | 78,907.0 | 78,781.1 | 66,521.0 |
| 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.
