Real estate mortgage investment conduit

AG Mortgage Investment Trust, Inc. Announces Exchange Offer

Retrieved on: 
Friday, August 14, 2020
Construction & Property, Professional services, REIT, Finance, Real estate investment trust, Mortgage loan, United States housing bubble, Finance, Money, Mortgage-backed security, Structured finance, Economy, Real estate mortgage investment conduit

The Company is making the Exchange Offer pursuant to the terms of and subject to the conditions set forth in the tender offer statement on Schedule TO, and related offer to exchange (the Offer to Exchange).

Key Points: 
  • The Company is making the Exchange Offer pursuant to the terms of and subject to the conditions set forth in the tender offer statement on Schedule TO, and related offer to exchange (the Offer to Exchange).
  • The complete terms and conditions of the Exchange Offer are set forth in the Offer to Exchange.
  • The Exchange Offer is only being made pursuant to, and this press release is qualified by reference to, the Offer to Exchange.
  • ABOUT AG MORTGAGE INVESTMENT TRUST, INC.
    AG Mortgage Investment Trust, Inc. is a hybrid mortgage REIT that opportunistically invests in and manages a diversified risk-adjusted portfolio of Residential and Commercial Investments.

STACR REMIC Trust Notes Receive NAIC Price Breakpoints

Retrieved on: 
Friday, August 7, 2020
Finance, United States housing bubble, Mortgage-backed security, Mortgage industry of the United States, Money, Real estate mortgage investment conduit, Economy, Financial law, NAIC, Debt, Breakpoint, Mortgage loan

Freddie Mac engaged NAIC Structured Securities Group (SSG) to evaluate STACR REMIC Trust transactions issued in 2019 and STACR Trust (DNA/HQA) transactions issued in 2018 and 2019 for year-end 2019.

Key Points: 
  • Freddie Mac engaged NAIC Structured Securities Group (SSG) to evaluate STACR REMIC Trust transactions issued in 2019 and STACR Trust (DNA/HQA) transactions issued in 2018 and 2019 for year-end 2019.
  • The year-end 2019 results of NAIC Structured Securities Group (SSG) analysis for STACR REMIC Trust 2019-HQA4 is expected within the next few weeks.
  • In a STACR REMIC Trust structure, notes are issued by a trust that is treated as a Real Estate Mortgage Investment Conduit (REMIC).
  • The 2019 year-end NAIC price breakpoints for STACR REMIC Trust 2019-DNA4 can be found at https://crt.freddiemac.com/_assets/docs/offerings/stacr/stacr-remictrust... .

Freddie Mac Again Upsizes STACR Offering and Related ACIS Policy

Retrieved on: 
Tuesday, August 4, 2020
Mortgage industry of the United States, United States housing bubble, Real estate mortgage investment conduit, Freddie Mac, OTC Markets Group, Economy of the United States, Finance, Financial services in the United States, Structured finance

MCLEAN, Va., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it has closed its $835 million STACR REMIC 2020-HQA3 offering.

Key Points: 
  • MCLEAN, Va., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it has closed its $835 million STACR REMIC 2020-HQA3 offering.
  • For the second time since March, Freddie Mac addressed strong investor interest in the offering by upsizing the bonds.
  • STACR (Structured Agency Credit Risk) and ACIS (Agency Credit Insurance Structure) make up Freddie Mac's flagship Credit Risk Transfer (CRT) program.
  • Once again, strong interest in our offerings led us to upsize both the STACR notes and the ACIS policy.

Freddie Mac Prices $330 Million Multifamily K-Deal, K-J30

Retrieved on: 
Thursday, July 23, 2020
Mortgage industry of the United States, Finance, Money, Economy, Freddie Mac, Issuer, Mortgage loan, Real estate mortgage investment conduit, Mortgage-backed security

The K-J30 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ30 Mortgage Trust (KJ30 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-J30 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ30 Mortgage Trust (KJ30 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.

Fannie Mae Prices Its 100th Multifamily GeMS DUS REMIC ($870 Million FNA 2020-M34)

Retrieved on: 
Friday, July 17, 2020
Mortgage industry of the United States, Economy of the United States, Fannie Mae, Real estate mortgage investment conduit, Fannie

WASHINGTON, July 17, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced its seventh Multifamily DUS REMIC in 2020 totaling $869.6 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 15, 2020.

Key Points: 
  • WASHINGTON, July 17, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced its seventh Multifamily DUS REMIC in 2020 totaling $869.6 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 15, 2020.
  • "The FNA 2020-M34 transaction marks Fannie Mae's 100th GeMS REMIC re-securitization," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing.
  • "Fannie Mae began using the program's re-securitization execution to create block-sized, geographically diverse, near-par-priced tranches to meet investor demands and increase the liquidity of the Multifamily DUS MBS program.
  • All classes of FNA 2020-M34 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2020-HQA3

Retrieved on: 
Thursday, July 16, 2020
Professional services, Finance, Finance, Money, Economy, Financial law, Mortgage industry of the United States, Personal finance, United States housing bubble, Loans, Real estate mortgage investment conduit, Kroll Bond Rating Agency, Credit rating agency, Loan-to-value ratio

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 23 classes from Structured Agency Credit Risk (STACR) REMIC 2020-HQA3 Notes, Freddie Mac STACR REMIC Trust 2020-HQA3 (STACR 2020-HQA3), a credit risk sharing transaction with a total note offering of $735,000,000.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 23 classes from Structured Agency Credit Risk (STACR) REMIC 2020-HQA3 Notes, Freddie Mac STACR REMIC Trust 2020-HQA3 (STACR 2020-HQA3), a credit risk sharing transaction with a total note offering of $735,000,000.
  • STACR 2020-HQA3 features credit exposure to Reference Obligations with original loan-to-value (LTV) ratios greater than 80% but less than or equal to 97%.
  • The STACR 2020-HQA3 Reference Pool consists of 118,543 residential mortgage loans with an outstanding principal balance of approximately $31.3 billion as of the Cut-Off Date.
  • The borrowers in the STACR 2020-HQA3 Reference Pool have a non-zero WA (NZWA) original credit score of 752 and a NZWA debt-to-income (DTI) ratio of 36.2%.

Fannie Mae Prices $719.5 Million Multifamily DUS REMIC (FNA 2020-M29) Under Its GeMS Program

Retrieved on: 
Thursday, June 11, 2020
Mortgage industry of the United States, Economy of the United States, Fannie Mae, Mortgage, Real estate mortgage investment conduit, Urban politics in the United States, Fannie

WASHINGTON, June 11, 2020 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced its sixth Multifamily DUS REMIC in 2020 totaling $719.5 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on June 10, 2020.

Key Points: 
  • WASHINGTON, June 11, 2020 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced its sixth Multifamily DUS REMIC in 2020 totaling $719.5 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on June 10, 2020.
  • As we all continue to navigate this market,Fannie Mae is dedicated to providing support for its borrowers and up-to-date disclosures for our investor base."
  • All classes of FNA 2020-M29 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.
  • The structure details for the multi-tranche offering can be found in the table below:

STACR Debt Notes Receive Top NAIC Designations for Fourth Straight Year

Retrieved on: 
Wednesday, June 10, 2020
United States housing bubble, Mortgage industry of the United States, Mortgage-backed security, Real estate mortgage investment conduit, NAIC, NAIC, Security, Finance, Insurance in the United States, Money

At this time, NAIC has not provided NAIC Price Breakpoints for Freddie Macs REMIC Trust and Trust CRT transactions at year-end 2019.

Key Points: 
  • At this time, NAIC has not provided NAIC Price Breakpoints for Freddie Macs REMIC Trust and Trust CRT transactions at year-end 2019.
  • NAIC Designations are the specific alphanumeric symbols in use by the NAIC SVO to denote a category of credit quality.
  • The NAIC's Structured Securities Group (SSG) is responsible for the day-to-day credit quality assessment and valuation of securities owned by state regulated insurance companies.
  • The SVO conducts credit analysis on these securities for the purpose of assigning an NAIC designation and/or unit price.

Freddie Mac Prices $257 Million Multifamily K-Deal, K-J29

Retrieved on: 
Wednesday, June 3, 2020
Mortgage industry of the United States, Finance, Money, Economy of the United States, Freddie Mac, Mortgage loan, Real estate mortgage investment conduit, Mortgage-backed security

The K-J29 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ29 Mortgage Trust (KJ29 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-J29 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ29 Mortgage Trust (KJ29 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.

Fannie Mae Prices $529.4 Million Green Multifamily DUS REMIC (FNA 2020-M20) Under Its GeMS Program

Retrieved on: 
Thursday, May 14, 2020
Mortgage industry of the United States, Economy of the United States, Fannie Mae, Real estate mortgage investment conduit, Fannie

WASHINGTON, May 14, 2020 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced its second Green Multifamily DUS REMIC in 2020 totaling $529.4 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on May 12, 2020.

Key Points: 
  • WASHINGTON, May 14, 2020 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced its second Green Multifamily DUS REMIC in 2020 totaling $529.4 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on May 12, 2020.
  • FNA 2020-M20 marks the fifth Fannie Mae GeMS issuance of 2020.
  • In addition, the Fannie Mae Green Financing Business provides financing to properties holding a third-party, Fannie Mae-approved, Green Building Certification.
  • Fannie Mae introduced the Green MBS product to the market in 2012 and has issued $76.8 billion in Green MBS and $10.4 billion in Green GeMS since the program's inception.