Mortgage-backed security

WOODFINE MANAGEMENT CORP. Announces Strategic Partnership with Vector Casa de Bolsa, S.A. de C.V.

Retrieved on: 
Thursday, August 8, 2019
United States housing bubble, Stock market, Mortgage-backed security, Financial law

The Parent Company will issue bonus shares to Vector, or the entity that Vector chooses, in three tranches equal to 6% of issued capital (maximum 18%) on completion of each of the investments above.

Key Points: 
  • The Parent Company will issue bonus shares to Vector, or the entity that Vector chooses, in three tranches equal to 6% of issued capital (maximum 18%) on completion of each of the investments above.
  • All references to currency in this release are to Canadian dollars and Mexican pesos unless otherwise stated.
  • Payable by the issuers are placement fees of 6% in respect of the sale of units in the Canadian Fund, and 10% in respect of the sale of shares in the Parent Company.
  • This news release does not constitute an offer to sell or the solicitation of an offer to buy.

Freddie Mac Prices $966 Million Multifamily K-Deal, K-L05

Retrieved on: 
Tuesday, August 6, 2019
Mortgage industry of the United States, Finance, Mortgage-backed security, Economy of the United States, Money, United States housing bubble, Affordable housing, Freddie Mac, Mortgage loan, Fannie Mae

The K-L05 Certificates are backed by corresponding classes issued by FREMF 2019-KL05 Mortgage Trust (K-L05 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-L05 Certificates are backed by corresponding classes issued by FREMF 2019-KL05 Mortgage Trust (K-L05 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.

Freddie Mac Prices $1 Billion Multifamily K-Deal, K-095

Retrieved on: 
Friday, August 2, 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-095 Certificates are backed by corresponding classes issued by the FREMF 2019-K95 Mortgage Trust (K-95 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-095 Certificates are backed by corresponding classes issued by the FREMF 2019-K95 Mortgage Trust (K-95 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.

Greystone Provides $16.5 Million Freddie Mac Loan for Senior Living Property Acquisition in New Jersey

Retrieved on: 
Friday, August 2, 2019
Mortgage industry of the United States, Economy of the United States, Economy, Finance, Fannie Mae, Freddie Mac, Amortization, Mortgage-backed security

NEW YORK, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate lending, investment, and advisory company, has provided a $16.5 million Freddie Mac Program Plus loan for the acquisition of a 100-unit senior living community in New Jersey.

Key Points: 
  • NEW YORK, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate lending, investment, and advisory company, has provided a $16.5 million Freddie Mac Program Plus loan for the acquisition of a 100-unit senior living community in New Jersey.
  • The $16,500,000 Freddie Mac loan carries a 10-year term and 30-year amortization, with a low, fixed interest rate and interest-only payments for the first five years.
  • The property is located near Princeton and other historic communities offering a wide range of retail, dining and entertainment options.
  • Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products.

PennyMac Mortgage Investment Trust Announces Pricing of Public Offering of Common Shares

Retrieved on: 
Friday, August 9, 2019
Finance, REIT, Professional services, Construction & Property, Finance, Loans, Mortgage loan, Real estate investment trust, Mortgage, Money, PennyMac Loan Services, Mortgage-backed security, Structured finance, United States housing bubble, Mortgage industry of the United States, MortgageIT

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today the pricing of an underwritten public offering of 8,000,000 common shares of beneficial interest (shares) for total estimated gross proceeds of approximately $174 million (or approximately $200 million if the option to purchase additional common shares is exercised in full).

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) announced today the pricing of an underwritten public offering of 8,000,000 common shares of beneficial interest (shares) for total estimated gross proceeds of approximately $174 million (or approximately $200 million if the option to purchase additional common shares is exercised in full).
  • The underwriters have a 30-day option from the date of the offering to purchase up to an additional 1,200,000 shares from the Company.
  • Settlement of the offering is subject to customary closing conditions and is expected to occur on August 13, 2019.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.

PennyMac Mortgage Investment Trust Announces Offering of Common Shares

Retrieved on: 
Thursday, August 8, 2019
Finance, REIT, Professional services, Construction & Property, PennyMac Loan Services, Mortgage, Finance, Mortgage loan, Money, Real estate investment trust, Mortgage-backed security, Mortgage industry of the United States, United States housing bubble, MortgageIT

PennyMac Mortgage Investment Trust (NYSE: PMT) today announced that it is offering 8,000,000 common shares of beneficial interest (shares) in an underwritten public offering.

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) today announced that it is offering 8,000,000 common shares of beneficial interest (shares) in an underwritten public offering.
  • The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 1,200,000 shares from the Company.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).

Cherry Hill Mortgage Investment Corporation Announces Second Quarter 2019 Results

Retrieved on: 
Thursday, August 8, 2019
Professional services, Residential Building & Real Estate, Construction & Property, Finance, REIT, Mortgage-backed security

The unpaid principal balance for the MSR portfolio stood at $27.8 billion as of June 30, 2019 and the carrying value of the MSR portfolio ended the quarter at $273.7 million.

Key Points: 
  • The unpaid principal balance for the MSR portfolio stood at $27.8 billion as of June 30, 2019 and the carrying value of the MSR portfolio ended the quarter at $273.7 million.
  • Net interest spread for the RMBS portfolio stood at 0.84% and the debt-to-equity ratio on the aggregate portfolio ended the quarter at 5.2x.
  • The RMBS portfolio had a book value of $2.1 billion and carrying value of approximately $2.2 billion at quarter-end June 30, 2019.
  • On June 13, 2019, the Board of Directors declared a quarterly dividend of $0.49 per share of common stock for the second quarter of 2019.

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2019-FTR2

Retrieved on: 
Thursday, August 8, 2019
Finance, Banking, Professional services, Insurance, Finance, Money, Economy, Financial law, Credit rating agency, Structured finance, Credit, Mortgage-backed security, Kroll Bond Rating Agency, Mortgage loan

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 28 classes from Structured Agency Credit Risk (STACR) 2019-FTR2 Notes, Freddie Mac STACR Trust 2019-FTR2, a credit risk sharing transaction with a total note offering of $248,000,000.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 28 classes from Structured Agency Credit Risk (STACR) 2019-FTR2 Notes, Freddie Mac STACR Trust 2019-FTR2, a credit risk sharing transaction with a total note offering of $248,000,000.
  • STACR 2019-FTR2 is structured as a credit-linked note governed by a Credit Protection Agreement (CPA) between the Trust (as credit protection seller) and Freddie Mac (as credit protection buyer).
  • The STACR 2019-FTR2 Reference Pool consists of 50,011 residential mortgage loans with an aggregate cut-off balance of approximately $11.5 billion.
  • The borrowers in the STACR 2019-FTR2 Reference Pool have a non-zero WA (NZWA) original credit score of 742 and a NZWA debt-to-income (DTI) ratio of 36.1%.

Granite Point Mortgage Trust Inc. Reports Second Quarter 2019 Financial Results and Activity Post Quarter-End

Retrieved on: 
Monday, August 5, 2019
Construction & Property, REIT, New York Stock Exchange, Mortgage industry of the United States, Mortgage-backed security, Economy of the United States

Granite Point Mortgage Trust Inc. (NYSE: GPMT) today announced its financial results for the quarter ended June 30, 2019 and provided an update on its activities subsequent to quarter-end.

Key Points: 
  • Granite Point Mortgage Trust Inc. (NYSE: GPMT) today announced its financial results for the quarter ended June 30, 2019 and provided an update on its activities subsequent to quarter-end.
  • A presentation containing second quarter 2019 highlights and activity post quarter-end can be viewed at www.gpmortgagetrust.com .
  • Granite Point Mortgage Trust Inc. will host a conference call on August 6, 2019 at 10:00 a.m.
  • The companys GAAP financial results and the reconciliations from these results should be carefully evaluated.

KBRA Assigns Preliminary Ratings to One Bryant Park Trust 2019-OBP

Retrieved on: 
Wednesday, July 31, 2019
Banking, Professional services, Finance, Finance, Money, Economy, Structured finance, Credit rating agencies, Mortgage-backed security, Kroll Bond Rating Agency, Commercial mortgage-backed security, United States housing bubble, Securitization, Bond credit rating, Kroll

Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to two classes of One Bryant Park Trust 2019-OBP, a CMBS single-borrower securitization.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to two classes of One Bryant Park Trust 2019-OBP, a CMBS single-borrower securitization.
  • For further details on KBRAs analysis, please see our pre-sale report, One Bryant Park Trust 2019-OBP , published at www.kbra.com .
  • The preliminary ratings are based on information known to KBRA at the time of this publication.
  • Information received subsequent to this release could result in the assignment of final ratings that differ from the preliminary ratings.