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Under Home Partners Holdings’ right to purchase (RTP) program, RTP prices exceed purchase valuations by about $33.2 million, and on 817 properties.
December 15 -
Credit enhancement includes subordination, shored up by excess spread generated from excess spread between the cash flow on the collateral and the certificates.
December 10 -
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.
December 8 -
All of the loans are non-prime loans, and this is the first transaction that BREDS will sponsor using the BINOM shelf.
December 3 -
The collateral pools consists of 578 loans, and the trust uses a senior-subordinate, shifting-interest structure that helps maintain a longer subordination period.
November 29 -
The deal also provides a sequential principal distribution to all of the certificates at all times, unlike recent non-prime securitizations.
November 23 -
The proposed acquisition comes just days after Better.com announced plans to buy London-based online loan broker Trussle Lab.
July 16 -
So far companies plan on using roughly the same number of employees as they shift from handling payment suspensions to assessing borrowers who have seen long-term declines in their incomes.
June 21 -
With little transitional disruption, the bigger players on the non-agency side could gain a hefty share of non-owner-occupied mortgage volume as a result of Fannie Mae and Freddie Mac’s caps on such purchases, a KBRA analysis finds.
May 17 -
The deal was constructed under Angel Oak’s social-bond framework, in which the firm intends to use the proceeds to help finance residential loans for underserved borrowers.
May 17