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Provident 2019-1 is a $337.6 million deal that includes 947 fixed-rate mortgage loans that meet qualified-mortgage safe harbor loan standards as well as GSE eligibility despite prime-jumbo status.November 26
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JPMorgan Mortgage Trust 2019-10 is a securitization of 388 prime-quality, large-loan mortgages that are mostly considered non-conforming, but meet qualified-mortgage (ability-to-repay) standards of the Consumer Financial Protection Bureau.November 26
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The two deals continue a late-year surge of private-label RMBS deal volume totaling $8.37 billion priced since Oct. 1.November 25
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For the private-label mortgage-backed securities market to grow, regulators need to focus on collateral management in addition to changes to data disclosure rules.November 25
ChairmanWhalen Global Advisors LLC
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Nationstar’s next securitization of defaulted or inactive home equity conversion mortgages will have a higher-than-average exposure to properties with steep leverage, as well as ties to judicial foreclosure states.November 21
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Lenders have bundled more than $18 billion worth of non-QM, private-label loans into bonds this year that they then sold to investors, a 44% increase from 2018 and the most for any year since the securities became common post-crisis.November 18
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Tom Marano, a former Bear Stearns banker, was apparently well compensated following the housing crisis for heading up ResCap and Ditech, both of which went into bankruptcy.November 11
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Sixty percent of the loans were underwritten with just 12- or 24-month bank statements, according to ratings agency reports.November 5
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The acquisition of the Ditech forward mortgage business will double New Residential's year-to-date origination volume in the fourth quarter alone, and further double that next year.October 25
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First-lien, prime residential mortgages are securing the Visio 2019-2 Trust, which will raise $202,682,000 from the market, and which has collateral that was funded by the Mortgage Pass-Through Notes, Series 2019.October 24
