Secondary

Bigger loans make mortgage bonds riskier for investors. When homeowners have larger loans, they become more likely to refinance even with relatively small declines in interest rates.

Velocity Commercial Capital, 2021-4 uses subordination and excess spread that will cover both current and cumulative realized losses.

New securitizations of mortgages on energy-efficient rental housing totalled $12.7 billion during the first 11 months of this year, suggesting 2021’s total will come close to matching 2020’s $13 billion.

The pool includes a high concentration of loans originated through alternative underwriting, and on investment properties. Just 10.3% of the pool received COVID forbearance.

The findings in a new TransUnion study could lend momentum to recent efforts by Fannie Mae and Freddie Mac to encourage the reporting and use of rental-payment information in lending.

All of the loans are non-prime loans, and this is the first transaction that BREDS will sponsor using the BINOM shelf.

Former principal economist at the Federal Housing Finance Agency does the math on how the changes impact the missions of Fannie Mae and Freddie Mac.

The entire collateral pool is made up of conforming, high-balance mortgage loans underwritten using an automated system designated by Fannie Mae or Freddie Mac.

LoanLogics, a Sun Capital affiliate, has purchased LoanBeam, a company with approvals from major government-related housing finance investors to provide digital processing and income calculations for tax documents.

Chryssa Halley, who has been with the company since 2006, was named CFO and Jim Holmberg was named controller.