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Items Tagged with 'jumbo RMBS'

ARTICLES

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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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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