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Items Tagged with 'jumbo RMBS'

ARTICLES

Two Harbors bringing another jumbo RMBS to market

$374.34 million securitization receives AAA ratings from DBRS
Ben Lane
Two Harbors is set to bring its third Agate Bay securitization to market, in the form of Agate Bay Mortgage Trust 2014-2. The $374.34 million RMBS is backed by 543 loans with an average loan balance of $689,393.
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Redwood Trust to issue third jumbo RMBS of 2014

Once-prolific issuer brings $330 million offering to market
Ben Lane
Things have slowed down considerably in 2014, with Redwood only issuing one jumbo RMBS through its Sequoia platform in the first six months of the year. Redwood issued its second jumbo RMBS in July and now it's prepping its third such offering.
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San Francisco earthquake rattles jumbo mortgage-bond collateral

Magnitude 6.0 earthquake should serve as risk reminder
Ben Lane
Sunday’s magnitude-6.0 earthquake should serve as a reminder that bond investors need to weigh the inherent risks that come with investing in the San Francisco market. The foundation of those investments is literally built on shaky ground.
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Morgan Stanley joins the jumbo RMBS party

Brings $256.5 million prime offering to market
Ben Lane
Morgan Stanley is set to bring its first jumbo RMBS of the year to market soon. Morgan Stanley Residential Mortgage Loan Trust 2014-1 is supported by 291 mortgages with a total balance of approximately $256.5 million.
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Two Harbors brings $268 million prime jumbo RMBS to market

Agate Bay Mortgage Trust 2014-1 receives AAA ratings from S&P
Ben Lane
Standards & Poors Ratings Services has awarded primarily AAA ratings to the securitization’s classes due to the high quality of the collateral, among other positive indicators.
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S&P: Prime jumbo RMBS advance rates nose-dive

Subprime rates stabilize
Ben Lane
"Bank servicers, such as Wells Fargo and JPMorgan Chase, have maintained a high (more than 90%) level of advancing on prime jumbo collateral," the analysts write. "However, nonbank servicers, such as Nationstar and Ocwen, have advance rates that are substantially lower and have been steadily declining over the past six months."
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Are the jumbo RMBS floodgates finally re-opening?

Credit Suisse brings third jumbo RMBS to market this year
Ben Lane
The offering comes nearly three months after Credit Suisse launched its most recent jumbo RMBS and becomes the sixth offered by the bank since the housing recovery began. It also marks a trend of increasing jumbo RMBS offerings over the last few months.
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Redwood Trust brings second jumbo RMBS to market

Are the floodgates about to open?
Ben Lane
Kroll Bond Ratings Agency has issued its presale ratings for SEMT 2014-2 and has awarded AAA ratings to the vast majority of the $306 million deal.
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S&P awards AAA ratings to $303M jumbo RMBS from JPMorgan

Kroll, DBRS and Fitch also awarded AAA ratings
Ben Lane
In its presale report, S&P noted the high-quality collateral included in the pools as one of the reasons for the quality of the ratings it awarded.
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JPMorgan brings $303 million jumbo RMBS to market

Bond uses 15-year mortgages
Ben Lane
This is JPMorgan's second offering of 2014, but this one is backed by 15-year notes. It also has lower LTV and DTI ratios than previous offerings.
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