RMBS

Depending on market conditions and demand from whole loan buyers, it could fund 25% to 35% of fix-and-flip loans through deals like the $219 million one it just completed.

At $230 million, GSMBST 2019-PJ1 is notably smaller than recent transactions from JPMorgan and Redwood Trust; borrowers also have less equity in their homes.

Many of the credit characteristics of Verus 2019-INV1 are similar to those of the deal Invictus completed in December, but the loans are less geographically concentrated.

Unusually, all of the loans in the $374 million transaction were purchased from a single originator, Impac Mortgage.

Two Harbors Investment Corp., which grew its servicing portfolio by 22% in the fourth quarter, priced a common stock offering to raise funds to buy more rights as well as mortgage-backed securities.

The loans in CIM Trust 2019-INV1 are conventional mortgages made to investors either for business purposes (85.6%) or cash-out refinancing for personal use (14.4%), according to DBRS.

The collateral for Towd Point Mortgage Trust 2019-SJ2 consists of 26,869 seasoned performing and reperforming loans with an average balance of $40,428.

The Securities Industry and Financial Markets Association approved changes to its good delivery guidelines that ease the path to the government-sponsored enterprises issuing uniform mortgage-backed securities starting on June 3.

Nearly half of the collateral for the $268 million Bunker Hill Loan Depositary Trust 2019-1 is secured by investor properties.

The majority of the collateral for Finsbury 2019-1 was originated over the past year, but it includes some loans from a 2016 deal that has been called; some of these older loans are delinquent.