RMBS

KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2024-HE2 (JPMMT 2024-HE2)

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星期三, 五月 29, 2024
Banking, Professional Services, Finance, RMBS, United Wholesale Mortgage, FOCUS, IO, HELOC, J. P. Morgan, KBRA, Telescopic sight

KBRA assigns preliminary ratings to 7 classes of Mortgage Participation Pass-Through Certificates from J.P. Morgan Mortgage Trust 2024-HE2 (JPMMT 2024-HE2), a $379.9 million RMBS transaction sponsored by J.P. Morgan Mortgage Acquisition Corp. (J.P. Morgan) and FOCUS III Advisory, LLC (FOCUS) consisting entirely of second lien home equity line of credit (HELOC) loans.

Key Points: 
  • KBRA assigns preliminary ratings to 7 classes of Mortgage Participation Pass-Through Certificates from J.P. Morgan Mortgage Trust 2024-HE2 (JPMMT 2024-HE2), a $379.9 million RMBS transaction sponsored by J.P. Morgan Mortgage Acquisition Corp. (J.P. Morgan) and FOCUS III Advisory, LLC (FOCUS) consisting entirely of second lien home equity line of credit (HELOC) loans.
  • The underlying pool is seasoned approximately three months and comprises of 4,321 loans, with United Wholesale Mortgage, LLC (68.4%) and loanDepot.com, LLC (19.3%) representing the largest contributing originators.
  • The HELOCs are interest-only (IO) adjustable-rate mortgages, with IO terms of mostly ten years (97.8%).
  • Most of the loans feature 20-year (95.5%) amortization terms, and HELOC initial draw windows of three (86.5%) or ten (12.3%) years.

KBRA Releases Research – UK Mortgage and Housing Trends: May 2024 Update

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星期一, 五月 20, 2024
Professional Services, Other Professional Services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, House, RMBS, Research report, Research, BTL, Pressure, Housing, OBR, Yoy, KBRA, Real estate

KBRA releases research that examines the UK mortgage and housing marketplace.

Key Points: 
  • KBRA releases research that examines the UK mortgage and housing marketplace.
  • In this update to our September 2023 research report, KBRA explores the financing market for house purchases across the UK, as well as current challenges and trends in the region’s housing market.
  • Further declines in house prices are expected to moderate as mortgage rates have declined, although at comparatively elevated levels to prior years.
  • Mortgage balances in arrears across the UK are on the rise with GBP51 million of missed payments in Q4 2023.

Saluda Grade Awarded both RMBS Issuer of the Year and RMBS Deal of the Year at the 2024 GlobalCapital US Securitization Awards

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星期一, 五月 20, 2024
Accounting, Professional Services, Finance, RMBS, Saluda Grade, Freddie Mac, High-entropy alloy, Fannie Mae, Security (finance)

Saluda Grade was awarded Residential Mortgage-Backed Securities (RMBS) Issuer of the Year over industry giants, including Freddie Mac and Fannie Mae, cementing its leadership position in the RMBS securitization market.

Key Points: 
  • Saluda Grade was awarded Residential Mortgage-Backed Securities (RMBS) Issuer of the Year over industry giants, including Freddie Mac and Fannie Mae, cementing its leadership position in the RMBS securitization market.
  • The RMBS Deal of the Year, UNLOK 2023-1, was a groundbreaking close of the industry's first rated securitization backed by Home Equity Agreements (HEAs).
  • The GlobalCapital US Securitization Awards feature leading banks, issuers, deals, investors, and service providers within the industry.
  • The momentum has continued in 2024 with Saluda Grade closing an additional five deals (~1.3B in total) year to date.

Two Harbors Investment Corp. to Present at the 2024 KBW Virtual Real Estate Finance & Technology Conference

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星期四, 五月 16, 2024
Other Construction & Property, Residential Building & Real Estate, Construction & Property, REIT, RMBS, Security (finance), News, Suite, Person, Conference, Mortgage loan, Trust, Harbor, MSR

Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, today announced that President and Chief Executive Officer, Bill Greenberg, is scheduled to present at the 2024 KBW Virtual Real Estate Finance & Technology Conference being held on May 22, 2024.

Key Points: 
  • Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, today announced that President and Chief Executive Officer, Bill Greenberg, is scheduled to present at the 2024 KBW Virtual Real Estate Finance & Technology Conference being held on May 22, 2024.
  • Mr. Greenberg will participate in the Mortgage Servicing panel, which is scheduled to begin at 1:00 pm ET.
  • The panel presentation will be webcast and made available on the company's website at http://www.twoharborsinvestment.com in the Investor Relations section under News & Events.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets.

Chimera Investment Corporation Announces Pricing of Public Offering of Senior Notes

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星期三, 五月 15, 2024
Construction & Property, Professional Services, REIT, Finance, RMBS, Security (finance), RBC Capital Markets, Prospectus, Note, Wells Fargo, Acquisition, Investment, UBS

Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today the pricing of an underwritten public offering of $65 million aggregate principal amount of its 9.00% senior notes due 2029 (the “Notes”).

Key Points: 
  • Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today the pricing of an underwritten public offering of $65 million aggregate principal amount of its 9.00% senior notes due 2029 (the “Notes”).
  • The Company has granted the underwriters a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of the Notes to cover over-allotments.
  • The offering is expected to close on May 22, 2024, subject to the satisfaction of customary closing conditions.
  • The Notes will be offered under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission.

Rambus to Present at Upcoming Investor Conferences

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星期二, 五月 14, 2024
Semiconductor, Data Management, Security, Technology, Internet, Hardware, RMBS, Inc., Rosenblatt, Conference, Bank of America, IP, Rambus, Video game

Rambus Inc. (Nasdaq: RMBS), a provider of industry-leading chips and IP making data faster and safer, today announced that its executives will present at three upcoming investor events: the Baird Global Consumer, Technology & Services Conference; the BofA Securities 2024 Global Technology Conference; and the Rosenblatt 4th Annual Technology Virtual Summit.

Key Points: 
  • Rambus Inc. (Nasdaq: RMBS), a provider of industry-leading chips and IP making data faster and safer, today announced that its executives will present at three upcoming investor events: the Baird Global Consumer, Technology & Services Conference; the BofA Securities 2024 Global Technology Conference; and the Rosenblatt 4th Annual Technology Virtual Summit.
  • The presentation will be available live through a webcast that can be accessed on the Rambus Investor Relations website at investor.rambus.com .
  • The presentation will be available live through a webcast that can be accessed on the Rambus Investor Relations website at investor.rambus.com .
  • A replay of Rambus’ presentation can be accessed on the company’s Investor Relations website at investor.rambus.com following the event.

Two Harbors Investment Corp. Announces Details Pertaining to the 2024 Annual Meeting of Stockholders

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星期二, 五月 14, 2024
Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Asset Management, Urban Planning, REIT, RMBS, Security (finance), Suite, Shareholder, Internet, Person, Trust, Harbor, MSR

(NYSE: TWO), an MSR + Agency RMBS real estate investment trust, today announced log-in details for its 2024 Annual Meeting of Stockholders to be held virtually on May 15, 2024, beginning at 10:00 a.m. Eastern Time.

Key Points: 
  • (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, today announced log-in details for its 2024 Annual Meeting of Stockholders to be held virtually on May 15, 2024, beginning at 10:00 a.m. Eastern Time.
  • Stockholders can attend the virtual annual meeting via the internet at http://www.virtualshareholdermeeting.com/TWO2024 .
  • We recommend that stockholders log in at least fifteen minutes before the meeting to ensure they are logged in when the meeting starts.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets.

Deer Park Road Announces the Successful Launch of the Deer Park Mortgage Opportunity Fund I and Extends Offering Period

Retrieved on: 
星期一, 五月 13, 2024
RMBS, Fund, Investment, Learning, Knowledge, CMBS, Financial adviser

STEAMBOAT SPRINGS, Colo., May 13, 2024 /PRNewswire/ -- Deer Park Road Management Company, LP ("Deer Park"), an investment management company with dedicated expertise in the structured credit markets, today announced an extension of the Offering Period of Deer Park Mortgage Opportunity Fund I (the "Fund") to July 1, 2024. The Fund was launched on January 1, 2024, as a closed-end fund with a targeted focus on sourcing opportunistic investments in residential mortgage-backed securities ("RMBS"), with the goal of realizing long-term capital appreciation and cash flow from these structured credit investments.

Key Points: 
  • STEAMBOAT SPRINGS, Colo., May 13, 2024 /PRNewswire/ -- Deer Park Road Management Company, LP ("Deer Park"), an investment management company with dedicated expertise in the structured credit markets, today announced an extension of the Offering Period of Deer Park Mortgage Opportunity Fund I (the "Fund") to July 1, 2024.
  • "Since the Fund launch in January, we have been buying legacy, non-agency RMBS with what we believe to be compelling return profiles.
  • Accordingly, Deer Park plans to announce a CMBS drawdown fund, that we anticipate will be established in a similar format to the successful formation of Deer Park Mortgage Opportunity Fund I.
  • Investors interested in learning more about either of these strategies are encouraged to contact Deer Park's investor relations representatives listed below.

KBRA Assigns Preliminary Ratings to Progress Residential 2024-SFR3

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星期三, 五月 8, 2024
Banking, Professional Services, Finance, LGD, Probability, Renting, Progress, SFR, KBRA, Microsoft, Loss given default, BPO, RMBS, CMBS, PD, LTV, Telescopic sight

KBRA assigns preliminary ratings to seven classes of Progress Residential 2024-SFR3 (Progress 2024-SFR3) single-family rental pass-through certificates.

Key Points: 
  • KBRA assigns preliminary ratings to seven classes of Progress Residential 2024-SFR3 (Progress 2024-SFR3) single-family rental pass-through certificates.
  • The subject transaction will be the 29th KBRA-rated securitization issued by Progress Residential.
  • KBRA adjusted the BPOs, which yielded an aggregate value of $771.2 million, which represents a 5.0% haircut to the nominal BPO value.
  • To determine loss given default (LGD), KBRA assumes the underlying properties would be liquidated in the residential property market.

AG Mortgage Investment Trust, Inc. Announces Pricing of Public Offering of Senior Notes

Retrieved on: 
星期三, 五月 8, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Consulting, Banking, Professional Services, REIT, Other Construction & Property, Debt-to-GDP ratio, UBS, Prospectus, Convertible, RBC Capital Markets, Egan-Jones Ratings Company, RMBS, Acquisition, MITT, Wells Fargo, Note, Security (finance)

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it has priced an underwritten public offering of $65 million aggregate principal amount of its 9.500% senior notes due 2029 (the “Notes”).

Key Points: 
  • AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it has priced an underwritten public offering of $65 million aggregate principal amount of its 9.500% senior notes due 2029 (the “Notes”).
  • The offering is expected to close on May 15, 2024, subject to the satisfaction of customary closing conditions.
  • The Notes have received an investment grade rating of BBB- from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.
  • The Convertible Notes can be redeemed at the Company’s option on or after June 15, 2024 and mature on September 15, 2024.