Browsing Tag:Trust

oceanview-belief-floats-351-million-in-jumbo-mortgages
As the US economy gradually enters pandemic lockdown mode, several aspects of home loan borrowers are also returning to pre-COVID-19 levels, including self-employed borrower levels in Oceanview Mortgage Trust 2021-3 or OCMT 2021-3, the expected to issue $ 351 million in debt securities.Self-employed borrowers made up 18.7% of the borrowers in the pool that secured the deal. For...
Continue reading
0 Comments
Share
redwood-belief-reduces-self-employed-numbers-in-newest-prime-jumbo-pool
Redwood Trust is sponsoring its fourth Prime Jumbo deal of the year, this time with a slightly lower concentration of higher risk self-employed borrowers.The $ 723.3M Sequoia Mortgage Trust 2021-4 has a pool of 812 high-balance mortgage loans (an average of $ 890,723 per account) recently borrowed from 77 different lenders and taken over by Redwood.According to a pre-sale...
Continue reading
0 Comments
Share
NEW YORK--(BUSINESS WIRE) - Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT", "Granite Point" or the "Company") today announced exchange rate adjustments for the Company's 5.625% Convertible Notes due in 2022 (2022 Notes) and the Company's 6.375% Senior Convertible Notes due 2023 (the “2023 Notes”). These exchange rate adjustments are made in light of the company's previously announced...
Continue reading
0 Comments
Share