Mortgage-backed security

KBRA Assigns Preliminary Ratings to SCF Equipment Leasing 2019-2 LLC and SCF Equipment Leasing Canada 2019-2 Limited Partnership Equipment Contract Backed Notes, Series 2019-2

Retrieved on: 
Thursday, October 17, 2019
Professional services, Rail, Maritime, Air, Transport, Finance, Financial markets, Finance, Financial law, Structured finance, Money, Kroll Bond Rating Agency, Asset-backed security, Credit rating agency, United States housing bubble, Mortgage-backed security

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to seven classes of notes from SCF Equipment Leasing 2019-2 LLC and SCF Equipment Leasing Canada 2019-2 Limited Partnership Equipment Contract Backed Notes, Series 2019-2.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to seven classes of notes from SCF Equipment Leasing 2019-2 LLC and SCF Equipment Leasing Canada 2019-2 Limited Partnership Equipment Contract Backed Notes, Series 2019-2.
  • The notes are newly issued asset-backed securities backed by a portfolio of equipment leases and loans.
  • The underlying Contracts are collateralized by essential use assets in a variety of industries, such as marine, rail, transportation and energy.
  • All of the Contracts were directly or indirectly originated by Stonebriar Commercial Finance LLC or Stonebriar Commercial Finance Canada Inc.

Freddie Mac Announces Pricing of $543 Million Multifamily Small Balance Loan Securitization

Retrieved on: 
Thursday, October 17, 2019
Mortgage industry of the United States, Finance, Money, Economy, Mortgage-backed security, Loans, Affordable housing, Freddie Mac, Structured finance, Mortgage loan, Predatory mortgage servicing, Government-sponsored enterprise

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 six 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.

Lucas Joins First Bank & Trust Company Mortgage Team

Retrieved on: 
Thursday, October 17, 2019
Finance, Loans, Mortgage loan, Money, Economy, Mortgage industry of the United States, Structured finance, United States housing bubble, Mortgage-backed security

ABINGDON, Va., Oct. 17, 2019 /PRNewswire/ -- First Bank & Trust Company, a diversified financial services firm today announced that Sandra Lucas has joined the mortgage team in Blacksburg, Virginia.

Key Points: 
  • ABINGDON, Va., Oct. 17, 2019 /PRNewswire/ -- First Bank & Trust Company, a diversified financial services firm today announced that Sandra Lucas has joined the mortgage team in Blacksburg, Virginia.
  • In her role at First Bank & Trust Company, Lucas will assist customers with the mortgage process by helping them understand the mortgage options offered by First Bank & Trust Company including low or no down payment, fixed rate or 100% financing options for construction and permanent loans, renovation loans, interim financing, home equity lines of credit and more.
  • Her office is located at First Bank & Trust Company - 2695 Price's Fork Road in Blacksburg, Virginia.
  • "Sandra is knowledgeable and experienced in the mortgage industry," stated Richard Buchanan, Senior Vice President and Mortgage Division Manager at First Bank & Trust Company.

Freddie Mac Prices $259 Million Multifamily K-Deal, K-J26

Retrieved on: 
Wednesday, October 16, 2019
Mortgage industry of the United States, Finance, Money, Economy, Freddie Mac, Issuer, Mortgage loan, Real estate mortgage investment conduit, Mortgage-backed security

The K-J26 Certificates are backed by corresponding classes issued by the FREMF 2019-KJ26 Mortgage Trust (KJ26 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-J26 Certificates are backed by corresponding classes issued by the FREMF 2019-KJ26 Mortgage Trust (KJ26 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Refinances Account for Nearly Fifty Percent of All Closed Loans in September as Interest Rates Continue to Decline, According to Latest Ellie Mae Origination Insight Report

Retrieved on: 
Wednesday, October 16, 2019
Software, Construction & Property, Finance, Banking, Data management, Professional services, Technology, REIT, Finance, Economy, Money, Loans, Ellie Mae, Mortgage industry of the United States, Mortgage loan, Subprime mortgage crisis, Mortgage-backed security, Banking, the Ellie Mae Origination Insight Report, Ellie Mae

Purchase percentages as a share of all loans dropped to 51 percent of all total loans, the lowest percentage since March of 2015.

Key Points: 
  • Purchase percentages as a share of all loans dropped to 51 percent of all total loans, the lowest percentage since March of 2015.
  • Ellie Mae believes the Origination Insight Report is a strong proxy of the underwriting standards employed by lenders across the country.
  • In addition to the Origination Insight Report, Ellie Mae also distributes data from its monthly Ellie Mae Millennial Tracker on the first Wednesday of each month.
  • The Ellie Mae Millennial Tracker focuses on mortgage applications submitted by borrowers born between the years 1980 and 1999.

KBRA Assigns Preliminary Ratings to OBX 2019-EXP3 Trust (OBX 2019-EXP3)

Retrieved on: 
Monday, October 14, 2019
Banking, Professional services, Finance, Finance, Money, Economy, Structured finance, Loans, Mortgage-backed security, United States housing bubble, Mortgage industry of the United States, Residential mortgage-backed security, Mortgage loan, Collateral

OBX 2019-EXP3 Trust is a residential mortgage-backed securities (RMBS) 2.0 transaction that includes a significant concentration of collateral that KBRA considers to be expanded prime.

Key Points: 
  • OBX 2019-EXP3 Trust is a residential mortgage-backed securities (RMBS) 2.0 transaction that includes a significant concentration of collateral that KBRA considers to be expanded prime.
  • The collateral pool contains a majority (56.1%) of non-qualified mortgages (non-QM) and a small remaining population of qualified mortgages (QM).
  • In addition, the pool contains loans secured by investor properties exempt from Ability-to-Repay (ATR) rules.
  • For complete details on the analysis, please see our pre-sale report, OBX 2019-EXP3 Trust , which was published on www.kbra.com .

Blackstone Mortgage Trust Announces Third Quarter 2019 Earnings Release and Conference Call

Retrieved on: 
Friday, October 11, 2019
Finance, Loans, Mortgage loan, United States housing bubble, Money, Economy, Mortgage-backed security, Mortgage industry of the United States, Structured finance

NEW YORK, Oct. 11, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it will publish its third quarter 2019 earnings presentation on its website at www.bxmt.com and file its Form 10-Q after market close on Wednesday, October 23, 2019.

Key Points: 
  • NEW YORK, Oct. 11, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it will publish its third quarter 2019 earnings presentation on its website at www.bxmt.com and file its Form 10-Q after market close on Wednesday, October 23, 2019.
  • The company will also host a conference call to review results on Thursday, October 24, 2019 at 9:00 a.m.
  • Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia.
  • The Company assumes no obligation to update or supplement forwardlooking statements that become untrue because of subsequent events or circumstances.

Medallion Resources Closes Private Placement Total of $794,874

Retrieved on: 
Friday, October 11, 2019
Chemical elements, Structured finance, Chemistry, Physical sciences, Monazite, Ree, Rare-earth element, Tranche, Unit, Mortgage-backed security

In aggregate this Offering, including both tranches, was for total gross proceeds of $794,874.

Key Points: 
  • In aggregate this Offering, including both tranches, was for total gross proceeds of $794,874.
  • Proceeds of the Offering will be used for process engineering and trade-off studies, business development and for general working capital.
  • Medallion has issued 2,197,657 units (each, a Unit) pursuant to the second tranche of the Offering at a price of $0.105 per Unit.
  • Medallion Resources is developing an approach for low-cost, near-term, rare-earth element (REE) production by exploiting monazite.

Freddie Mac Prices $489 Million Multifamily KG-Deal, K-G02

Retrieved on: 
Thursday, October 10, 2019
Mortgage industry of the United States, Finance, Economy of the United States, United States housing bubble, Money, Affordable housing, Freddie Mac, Mortgage loan, Fannie Mae, Mortgage-backed security

The K-G02 Certificates are backed by corresponding classes issued by the FREMF 2019-KG02 Mortgage Trust (K-G02 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-G02 Certificates are backed by corresponding classes issued by the FREMF 2019-KG02 Mortgage Trust (K-G02 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.

KBRA Assigns Preliminary Ratings to AMERIHOME GMSR ISSUER TRUST, Series 2019-GT1 Term Notes

Retrieved on: 
Thursday, October 10, 2019
Banking, Professional services, Finance, Finance, Economy, Money, United States housing bubble, Mortgage industry of the United States, Structured finance, Bond market, Credit rating, Kroll Bond Rating Agency, Mortgage-backed security, Credit rating agency, Government National Mortgage Association

Kroll Bond Rating Agency (KBRA) assigns a preliminary rating of BBB (sf) to the Series 2019-GT1 Class A and Class B Term Notes from AMERIHOME GMSR ISSUER TRUST, AmeriHome Mortgage Company, LLCs (AmeriHome) master trust issuer of notes backed by a participation certificate evidencing a participation interest in mortgage servicing rights (MSR) on loans underlying Ginnie Mae guaranteed mortgage backed securities.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns a preliminary rating of BBB (sf) to the Series 2019-GT1 Class A and Class B Term Notes from AMERIHOME GMSR ISSUER TRUST, AmeriHome Mortgage Company, LLCs (AmeriHome) master trust issuer of notes backed by a participation certificate evidencing a participation interest in mortgage servicing rights (MSR) on loans underlying Ginnie Mae guaranteed mortgage backed securities.
  • KBRAs rating on the Series 2019-GT1 Term Notes is primarily dependent on the credit rating of AmeriHome ( KBRA Rating: BBB-/Stable ) as repurchase obligor under a repo facility in support of the Issuers rights to MSRs granted by Ginnie Mae to AmeriHome, with certain transaction features described more fully in KBRAs presale report providing one notch uplift on the rating of the notes.