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Items Tagged with 'jumbo RMBS'

ARTICLES

FirstKey prepping second jumbo mortgage securitization

Features "single layer of protection" against breaches of reps and warrants
Ben Lane
After bringing its first prime jumbo mortgage securitization to market in November, FirstKey Mortgage is back with its second such offering. Its second securitization features a total principal balance of $293 million on 407 loans. The loans carry an average unpaid balance of $719,941.
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DBRS positive on JPMorgan’s jumbo-ARM mortgage bonds

Offering receives second round of AAA ratings
Ben Lane
DBRS is joining Fitch Ratings in awarding AAA ratings to a massive residential mortgage-backed securitization backed entirely by adjustable-rate mortgages from JPMorgan Chase & Co. The offering is backed by 913 adjustable-rate mortgages with a total balance of $940.1 million.
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WinWater Home Mortgage prepping first jumbo RMBS of 2015

$283.88 million offering receives AAA ratings
Ben Lane
One of 2014’s new players in the prime jumbo residential mortgage-backed securitization market is back for more in 2015. WinWater Home Mortgage, which brought its first jumbo RMBS to market in June of last year, is prepping its first jumbo RMBS of 2015.
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JPMorgan launching massive ARM-only jumbo RMBS

$940.1 million offering receives AAA ratings
Ben Lane
After exploring various securitzation structures throughout 2014, JPMorgan Chase & Co. is kicking off its 2015 in a big way, prepping a massive residential mortgage-backed securitization backed entirely by adjustable-rate mortgages.
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Redwood Trust readies its first jumbo RMBS of 2015

$338.8 million offering receives AAA ratings
Ben Lane
After a year when the once-prolific Redwood Trust issued only four prime jumbo residential mortgage-backed securitizations, the real estate investment trust is getting out of the gate early and in fine form in 2015 with its first offering of the year.
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Credit Suisse planning 2015’s second jumbo RMBS

$381.59 million offering receives AAA ratings
Ben Lane
Credit Suisse is set to bring the year’s second prime, jumbo residential mortgage-backed securitization to market. The $381.59 million offering was assigned mostly AAA ratings by credit ratings agency DBRS.
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Two Harbors launching this year's first jumbo RMBS

$279.5 million offering receives AAA ratings
Ben Lane
Agate Bay Mortgage Trust 2015-1 is backed by 406 loans with a total principal balance of $279,487,083 and an average loan balance of $688,392. Fitch Ratings and DBRS both issued presale reports for the offering and both awarded nearly $260 million in AAA ratings to the offering.
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Fitch: Fourth quarter set post-crisis record for jumbo RMBS issuance

Still room to boom, though
Ben Lane
The last three months of 2014 saw more prime jumbo residential mortgage-backed securitizations issued than in any quarter since the financial crisis began, but the issuance is still “glacial by historical standards,” according to a new report from Fitch Ratings.
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WinWater Home Mortgage brings third jumbo RMBS to market

$263.68 million offering receives AAA ratings from DBRS
Ben Lane
Residential mortgage conduit aggregator WinWater Home Mortgage is back with its third prime jumbo securitzation of 2014. The $263.68 million offering received AAA ratings from DBRS.
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Goldman Sachs launches first jumbo mortgage bond since crisis

Bringing RMBS back
Ben Lane
One of the most notorious names from the mortgage crisis is back. Goldman Sachs, which was at the forefront of the toxic mortgage crisis that nearly crippled the U.S. economy, is preparing to launch its first post-crisis prime jumbo residential mortgage-backed securitization.
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