Flagstar Bank Selling $5 Billion In Warehouse Loans To JPMorgan Chase
The New York Community Bancorp plans to reinvest proceeds from sale into securities holdings
The New York Community Bancorp plans to reinvest proceeds from sale into securities holdings
Calls securitization an 'inflection point' for the company.
The $307M Non-QM offering is backed solely by its proprietary Community Mortgages.
The spread between mortgage rates and the 10-Year Treasury yield is worth watching.
OBX 2023-NQM3 Trust is a $407.5M securitization backed by 807 mostly Non-QM loans, 22% from SG Capital.
Says the face value of Signature Bank's portfolio is about $27 billion, and about $87 billion for SVB's portfolio.
In letter to SEC, MBA says proposed rule on conflicts of interest is overly broad.
The guide will facilitate the electronic exchange of mortgage asset data to credit rating agencies.