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Securitization

Joseph Gatti joins Morgan Lewis as structured finance partner

Attorneys, RMBS, Securitization /

International law firm Morgan Lewis has hired Joseph Gatti as a partner in its structured transactions practice, the company announced. Processing Content Gatti will be based in the firm’s Washington, D.C. office, where he focuses on structuring and executing asset-backed securities deals and other structured finance transactions, the company announced. He joins from Amherst Residential, […]

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Kiavi closes $350M RTL securitization, nears $7B in total issuance

Fix and Flip, HWmember, Investors, Kiavi, Mortgage, Origination, Real Estate Investing, Secondary market, Securitization /

Kiavi, a digital nonbank lender for residential real estate investors, announced Thursday that it closed a $350 million rated securitization of residential transition loans (RTLs). The transaction marks Kiavi’s sixth rated securitization and 24th deal under its LHOME shelf, bringing its total offered notes to more than $6.8 billion since inception, the company said. The

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Mortgage rate dip ignites refi boom in January

LOAN PRODUCTS, Mortgage Rates, Originations, Refinance, Secondary markets, Securitization, Underwriting /

Taking advantage of falling interest rates, largely spurred by narrowing primary-secondary spreads resulting from a White House pronouncement, consumers stepped up rate lock activity, while lenders added products in January, separate reports noted. Processing Content On Jan. 8, Pres. Trump ordered Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities. This came

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High-quality investment mortgages secure EFMT’s $325.7 million RMBS

Bank of America Merrill Lynch, RMBS, Securitization /

A pool of residential mortgages financing investor properties and second homes will collateralize $325.7 million in residential mortgage-backed securities (RMBS) from the EFMT 2026-AE1. Processing Content Although investor properties, which are prone to higher chances of default, account for 58% of the pool, analysts at Kroll Bond Rating Agency point out. Yet those chances of

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Trump’s $200B MBS idea tightens spreads, raises doubts

Housing markets, MBS, Mortgage Rates, Politics and policy, Secondary markets, Securitization /

If it comes to fruition, President Trump’s call for a $200 billion purchase of mortgage-backed securities could further tighten MBS spreads in the near term. But with few details available, many market participants are skeptical about the longer-term impact. Processing Content In response to the president directing his representatives to purchase an equal amount of

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Onslow Bay Financial sponsors non-QM deal for $847.2 million

J.P. Morgan Securities, RMBS, Securitization /

A pool of 1,638 fixed- and adjustable-rate mortgages extended to non-prime and subprime borrowers will collateralize $847.2 million in residential mortgage-backed securities (RMBS), sponsored by Onslow Bay Financial. Processing Content Most credit aspects of the deal are neutral, said Fitch Ratings. This includes what Fitch Ratings calls a seasoned probability of default (PD) driver, which

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Banks snatch up MBS that notched best returns since 2002

Economy, Housing markets, Mortgage Rates, Secondary markets, Securitization /

Flush with deposits, U.S. banks are buying up mortgage bonds and betting that the asset class will get a further boost in 2026 from relaxed capital rules.Late last year, commercial bank holdings of mortgage paper reached the highest level since 2023, and stood at more than $2.7 trillion toward the end of December, according to

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Mortgage spreads are narrowing, but for which reason?

Capital markets, Mortgage Rates, Secondary markets, Securitization /

The spread between the 10-year Treasury yields and 30-year fixed mortgage rates tightened at the end of 2025, largely driven by Fannie Mae and Freddie Mac increasing their holdings of mortgage-backed securities, a Keefe, Bruyette & Woods report claimed. Processing Content But a bigger picture issue overhanging the increase in portfolio size is should the

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Non-QM mortgages secure JP Morgan’s latest RMBS, offering $587.6 million

J.P. Morgan Securities, Non-QM, RMBS, Securitization /

Non-qualified mortgages will secure the latest J.P. Morgan mortgage issuance, as the J.P. Morgan Mortgage Trust 2025-NQM5 comes to market with $587.6 million in residential mortgage-backed securities. Processing Content According to Fitch Ratings and Morningstar DBRS, which assessed the deal, the collateral pool is secured by a pool of all first lien mortgages diversified by

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