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Items Tagged with 'jumbo RMBS'

ARTICLES

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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FirstKey becomes latest to offer jumbo securitizations

$286 million RMBS receives AAA ratings
Ben Lane
There’s a new player in jumbo mortgage securitizations, FirstKey Mortgage. The company is ready to offer up its first securitization, which is built on 401 first-lien, jumbo residential mortgage loans with an aggregate outstanding principal balance of $285,984,195.
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Latest jumbo RMBS from Credit Suisse awarded AAA ratings

DBRS cites high quality borrowers as strength of deal
Ben Lane
“This transaction exhibits high-quality credit attributes such as low loan-to-value ratios, strong borrower credit and full documentation on substantially all loans,” DBRS said in its presale report. “In addition, the pool contains no interest-only loans and no investment properties.”
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Redwood Trust net income nearly triples

Reports net income of $45 million in 3rd quarter
Ben Lane
The company’s mortgage banking activities created net income of $18 million in the third quarter, compared to only $6 million in the second quarter. The company also saw an $8 million increase on its net income generated by mortgage servicing rights.
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Fitch awards AAA ratings to JPMorgan ARM-only jumbo RMBS

$402.8 million RMBS backed by 7/1 ARMs
Ben Lane
J.P. Morgan Mortgage Trust 2014-IVR6 is backed by a pool of 397 loans with an aggregate loan balance of $402.8 million, and all but one of the loans is a seven-year ARM. The remaining loan is a six-year ARM.
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Two Harbors reverses trend and posts profit

Reports net income of $193.59 million in third quarter
Ben Lane
For the year, Two Harbors recorded a net income of $204.1 million, down from $339.63 million in the first three quarters of 2013. But the third quarter of 2014 saw a massive reversal over the second quarter, when the company’s net income as down from $532.35 million in the first two quarters of 2013 to $10.51 million in the same period of 2014, a drop of more than 98%.
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Two Harbors unveils fourth jumbo RMBS

$356.33 million securitization receives AAA ratings from DBRS
Ben Lane
DBRS cites the high quality of the underlying loans as a strength of the deal. “This transaction exhibits high-quality credit attributes, such as low loan-to-value ratios, strong borrower credit and full documentation on substantially all loans,” DBRS writes in its presale report.
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JPMorgan’s latest jumbo RMBS receives AAA ratings from Fitch, KBRA

$262 million offering backed by 15-year notes
Ben Lane
Fitch Ratings and Kroll Bond Rating Agency both issued presale reports to JPMMT 2014-5 and awarded AAA ratings to the majority of the tranches of the deal.
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Here comes another jumbo RMBS from JPMorgan

$355.64 million offering receives triple-A ratings
Ben Lane
J.P. Morgan Mortgage Trust 2014-OAK4 built on a pool of 434 loans with an aggregate loan balance of $355.64 million. The offering contains loans with an average balance of $819,448 and has a weighted average loan-to-value of 73.7%.
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