RMBS

Lanark's UK RMBS and Obvion's Dutch deal are as yet unsized; Optimum's £242.3M deal is backed by UK second-lien loans

American International Group is accessing the securitized market through a Credit Suisse deal backed by loans that were generally originated less than a year after TRID.

Housing finance reform discussions are heating up and there's a growing sense that legislation can be enacted sooner rather than later. Here's why.

The properties backing the $336 million transaction average 23 years of age, with valuations averaging $303,727 per property and an average monthly rent of $2,229. Most require pre-lease rehabilitation costs that amount to an average of $8,318.

The deal is the second this year from the Mill City shelf; all told, five issuers have completed 15 deals totaling $8.4 billion; the consistent supply is attracting strong investor interest

American International Group Inc. could securitize through a unit it has previously used to buy jumbo loans.

MFA Financial launched a debut offering of bonds backed by rehabbed loans Monday; several other firms have begun aggregating residential mortgages in preparation for possible securitization.

CMSC 2017-FHA1 is the first transaction of 2017 from this issuance shelf, and the deal by anyone backed by reperforming FHA mortgages since 2010, according to Moody’s Investors Service.

FHFA Sounds Alarm on Home Loan Bank Funding, Advances

The broad bill, sponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Tex., would provide an “off-ramp” for banks that agree to hold a leverage ratio of at least 10% and would gut the Consumer Financial Protection Bureau, among other provisions.