| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 151,550.0 | 205,920.6 | 223,442.3 |
| ABS (Public + 144A excluding CDOs) | 130,159.8 | 149,430.6 | 153,512.5 |
| ABS (Public Only) | 60,144.3 | 82,048.6 | 93,210.5 |
| ABS (144A Only) | 91,405.7 | 123,872.0 | 130,231.9 |
| Non-Agency MBS | 64,282.5 | 93,678.4 | 77,318.1 |
| Agency MBS | 176,971.9 | 162,165.7 | 153,184.0 |
| CMBS | 74,144.6 | 75,017.6 | 61,355.3 |
| 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.
