Mortgage-backed security

Freddie Mac Announces Pricing of $385 Million Multifamily Small Balance Loan Securitization

Friday, June 11, 2021 - 3:54pm

Freddie Mac is also acting as mortgage loan seller and master servicer to the trust.

Key Points: 
  • Freddie Mac is also acting as mortgage loan seller and master servicer to the trust.
  • In addition to the five classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R Certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.
  • Freddie Mac has a specialty network of Optigo Seller/Servicers and Optigo SBL lenders with extensive experience in this market who source loans across the country.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Moody’s Analytics to Provide CMBS Cash Flow Data for Citi Velocity Platform

Friday, June 11, 2021 - 3:49pm

Moodys Analytics and Citi announced today that Moodys Analytics will provide data and cash flow analytics for commercial mortgage-backed securities (CMBS) on the Citi Velocity platform.

Key Points: 
  • Moodys Analytics and Citi announced today that Moodys Analytics will provide data and cash flow analytics for commercial mortgage-backed securities (CMBS) on the Citi Velocity platform.
  • The collaboration will allow all Citi Velocity users to access up-to-date and in-depth data and analysis of CMBS deals and tranches from Moodys Analytics.
  • View the full release here: https://www.businesswire.com/news/home/20210611005336/en/
    The addition of CMBS cash flow data expands a collaboration announced in 2018 for Moodys Analytics to provide CLO data on the Citi Velocity platform.
  • The analytical capabilities are powered by Moodys Analytics Structured Finance Portal , a powerful data and analytics tool.

ICE Mortgage Technology Acquires eVault Technology from DocMagic for Encompass eClose

Friday, June 11, 2021 - 1:30pm

ICE Mortgage Technology and DocMagic have been helping lenders implement digital mortgage processes for years, said Dominic Iannitti, president and CEO of DocMagic.

Key Points: 
  • ICE Mortgage Technology and DocMagic have been helping lenders implement digital mortgage processes for years, said Dominic Iannitti, president and CEO of DocMagic.
  • ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration.
  • At ICE Mortgage Technology , we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration.
  • Encompass and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology, Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005076/en/

Freddie Mac Prices $1 Billion Multifamily K-Deal, K-129

Thursday, June 10, 2021 - 10:11pm

The K-129 Certificates are backed by corresponding classes issued by the FREMF 2021-K129 Mortgage Trust (K129 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-129 Certificates are backed by corresponding classes issued by the FREMF 2021-K129 Mortgage Trust (K129 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

PennyMac Mortgage Investment Trust Announces Update for Investor Day on June 17, 2021

Thursday, June 10, 2021 - 9:30pm

PennyMac Mortgage Investment Trust (NYSE: PMT) today announced an update regarding its combined virtual Investor Day with PennyMac Financial Services, Inc. (NYSE: PFSI) on Thursday, June 17, 2021.

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) today announced an update regarding its combined virtual Investor Day with PennyMac Financial Services, Inc. (NYSE: PFSI) on Thursday, June 17, 2021.
  • Registration for the event is now open and available on the Companys investor relations website at www.PennyMac-REIT.com .
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com .

PennyMac Financial Services, Inc. Announces Update for Investor Day on June 17, 2021

Thursday, June 10, 2021 - 9:30pm

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced an update regarding its combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) on Thursday, June 17, 2021.

Key Points: 
  • PennyMac Financial Services, Inc. (NYSE: PFSI) today announced an update regarding its combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) on Thursday, June 17, 2021.
  • Registration for the event is now open and available on the Companys investor relations website at www.ir.pennymacfinancial.com .
  • The Investor Day will include presentations from a diverse group of senior executives across both companies and multiple question and answer sessions.
  • As of March 31, 2021, PennyMac Financial serviced loans totaling $449 billion in unpaid principal balance, making it the sixth largest mortgage servicer in the nation.

Paul Staples Joins Academy Securities as Director of CMBS Sales & Trading

Thursday, June 10, 2021 - 6:25pm

Academy Securities, a registered broker-dealer, certified Disabled Veteran Business Enterprise (DVBE), and Minority Business Enterprise (MBE), today announced the addition of Paul Staples as Director of CMBS Sales & Trading.

Key Points: 
  • Academy Securities, a registered broker-dealer, certified Disabled Veteran Business Enterprise (DVBE), and Minority Business Enterprise (MBE), today announced the addition of Paul Staples as Director of CMBS Sales & Trading.
  • He was the Head of CMBS Credit Trading at Citigroup Global Markets where he worked from 2004 until 2014, focusing on commercial real estate loan originations, CMBS primary issuance, and CMBS secondary trading/market-making.
  • Academy is thrilled to expand our Sales & Trading team with the addition of Paul Staples, stated Academys Chairman and CEO Chance Mims, His CMBS expertise will be extremely valuable to our clients.
  • Staples commented on joining Academy Securities: Academy is a standout firm and its an honor to be part of the team.

Lingering Supply-Demand Imbalance Continues to Drive Prices Even Higher, Latest HouseCanary Data Shows

Thursday, June 10, 2021 - 1:00pm

HouseCanary, Inc. (HouseCanary), a leading provider of residential real estate data and home valuations, today released its latest Market Pulse report, covering 22 listing-derived metrics and comparing data between May 2020 and May 2021.

Key Points: 
  • HouseCanary, Inc. (HouseCanary), a leading provider of residential real estate data and home valuations, today released its latest Market Pulse report, covering 22 listing-derived metrics and comparing data between May 2020 and May 2021.
  • The Market Pulse is an ongoing review of proprietary data and insights from HouseCanarys nationwide platform.
  • The inventory deficit that developed in the wake of the COVID-19 pandemic continues to drive single-family home prices higher, leading to record levels of price growth across the United States.
  • As a result of these astronomical home prices and relatively stagnant mortgage rates, the number of people applying for mortgages has slowed recently.

Ellington Residential Mortgage REIT Increases Common Dividend

Wednesday, June 9, 2021 - 10:53pm

Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a dividend for the second quarter of 2021 of $0.30 per share, payable on July 26, 2021, to common shareholders of record as of June 30, 2021.

Key Points: 
  • Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a dividend for the second quarter of 2021 of $0.30 per share, payable on July 26, 2021, to common shareholders of record as of June 30, 2021.
  • This dividend represents an increase of more than 7% as compared to the Company's previously declared common dividend.
  • Ellington Residential Mortgage REIT is a mortgage real estate investment trust that specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets, with a primary focus on residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. government agency or a U.S. government-sponsored enterprise.
  • Ellington Residential Mortgage REIT is externally managed and advised by Ellington Residential Mortgage Management LLC, an affiliate of Ellington Management Group, L.L.C.

KBRA Assigns Preliminary Ratings to BANK 2021-BNK34

Wednesday, June 9, 2021 - 5:10pm

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 38 classes of BANK 2021-BNK34, a $1.0 billion CMBS conduit transaction collateralized by 56 commercial mortgage loans secured by 71 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 38 classes of BANK 2021-BNK34, a $1.0 billion CMBS conduit transaction collateralized by 56 commercial mortgage loans secured by 71 properties.
  • The collateral properties are located across 31 MSAs, the largest three of which are New York (28.2%), Washington DC (21.7%), and Pittsburgh (6.8%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 43.6% less than third party appraisal values.
  • To access ratings and relevant documents, click here .