UBS is slated to launch its first multi-seller home equity transaction off of its MASTR dealer shelf this week, sources said. The $650 million transaction marks the onset of its multi-seller program, a program designed to leverage the firm's whole loan sales force and draw on a larger base of smaller lenders.
Going forward, UBS plans on bringing at least one multi-seller offering per quarter, depending on the program's success. Deals will likely range from $500 million to $750 million, and will be comprised of loans from multiple sellers. All future multi-seller transactions will trade off of the MASTR shelf with an HE mnemonic.