The 12 hottest housing markets right now

The 12 hottest housing markets right now

And the biggest losers in the price growth race

Does Fannie Mae support appraisers?

Here comes Collateral Underwriter

Higher fees proposed for FHA mortgages

MBA: This is far in excess of what the FHA needs
W S

Items Tagged with 'jumbo RMBS'

ARTICLES

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.
Read More

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.”
Read More

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.
Read More

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.
Read More

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%.
Read More

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.
Read More

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.
Read More

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%.
Read More

WinWater Home Mortgage launching second jumbo RMBS

$276.9 million offering receives AAA ratings from KBRA
Ben Lane
The company, which refers to itself as “a residential mortgage conduit aggregator focused on opportunities in the non-agency jumbo sector,” is bringing WinWater Mortgage Loan Trust 2014-2 to market.
Read More

JPMorgan breaks new ground with ARM-only jumbo RMBS

$483.56 million jumbo RMBS is backed by 5/1, 7/1, 10/1 ARMs
Ben Lane
"The payment shock to the borrower for hybrid ARMs and IO loans can be significant, particularly in a historically low interest rate market," Kroll Bond Rating Agency said in its presale report. "In such an environment, rate increases are likely and refinancing opportunities may be limited."
Read More