REMIC | Jotup

Fannie Mae Announces Results of Tender Offer for Any and All of Certain CAS Notes

Retrieved on:

Monday, April 29, 2024

Connecticut Avenue, REMIC, FNMA, CAS, Fannie Mae, Trust, Offers, OTCQB

WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities® (CAS) Notes listed in the table below (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents").

Key Points:

WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities® (CAS) Notes listed in the table below (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents").
Certain of the classes of Notes subject to the Offers were issued by the REMIC trusts identified in the table below (each, a "Trust").
Fannie Mae is the holder of the ownership certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.
The table below sets forth the original principal balance of the Notes, the percentage of original principal amount tendered, and the original principal amount tendered in the Offers.

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2024-HQA1

Retrieved on:

Thursday, March 7, 2024

Professional Services, Finance, Note, LTV, Documentation, REMIC, Trust, Freddie Mac, DTI, Royal, KBRA, CLTV, Telescopic sight

KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-HQA1 Notes, Freddie Mac STACR REMIC Trust 2024-HQA1 (STACR 2024-HQA1), a credit risk sharing transaction with a total note offering of $712,000,000.

Key Points:

KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-HQA1 Notes, Freddie Mac STACR REMIC Trust 2024-HQA1 (STACR 2024-HQA1), a credit risk sharing transaction with a total note offering of $712,000,000.
STACR 2024-HQA1 features loans with loan-to value (LTV) ratios greater than 80%, but less than or equal to 97%.
The Offered Notes represent obligations of the STACR 2024-HQA1 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2024-HQA1 Reference Pool.
The STACR 2024-HQA1 Reference Pool consists of 69,295 residential mortgage loans with an outstanding principal balance of approximately $23.1 billion as of the cut-off date.

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2024-DNA1

Retrieved on:

Thursday, February 1, 2024

Banking, Professional Services, Insurance, Finance, CLTV, Freddie Mac, Note, Royal, KBRA, DTI, Trust, LTV, Documentation, REMIC, Telescopic sight

KBRA assigns ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-DNA1 Notes, Freddie Mac STACR REMIC Trust 2024-DNA1 (STACR 2024-DNA1), a credit risk sharing transaction with a total note offering of $572,000,000.

Key Points:

KBRA assigns ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-DNA1 Notes, Freddie Mac STACR REMIC Trust 2024-DNA1 (STACR 2024-DNA1), a credit risk sharing transaction with a total note offering of $572,000,000.
STACR 2024-DNA1 features loans with loan-to-value (LTV) ratios greater than 60%, but less than or equal to 80%.
The Offered Notes represent obligations of the STACR 2024-DNA1 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2024-DNA1 Reference Pool.
The STACR 2024-DNA1 Reference Pool consists of 59,003 residential mortgage loans with an outstanding principal balance of approximately $18.3 billion as of the cut-off date.

Harvest Small Business Finance, LLC Closes Its Fourth Securitization of Owner-Occupied, First-Lien SBA 7(a) Unguaranteed Interests - $115.7 Million of Offered Notes Rated by Kroll Bond Rating Agency

Retrieved on:

Monday, December 11, 2023

Harvest Small Business Finance, LLC (“HSBF”) ( http://www.harvestsbf.com ), one of the top non-bank originators of SBA 7(a) loans, closed its fourth securitization of unguaranteed interests of primarily first-lien SBA 7(a) CRE loans.

Key Points:

Harvest Small Business Finance, LLC (“HSBF”) ( http://www.harvestsbf.com ), one of the top non-bank originators of SBA 7(a) loans, closed its fourth securitization of unguaranteed interests of primarily first-lien SBA 7(a) CRE loans.
The $115.7 million Harvest SBA Loan Trust 2023-1, Unguaranteed SBA Loan-Backed Notes, Series 2023-1 (“HSLT 2023-1”) closed on November 30, 2023.
The Class A, Class B and Class C Notes were rated “A-”, “BBB-”, and “BB”, respectively.
Harvest Small Business Finance, LLC, a California limited liability company, was created to originate and service loans backed by owner-occupied, multi-purpose real estate, in accordance with the Small Business Administration’s ("SBA") 7(a) loan program.

Newfi launches nation's first new mortgage product since 1991 with EquityChoice™

Retrieved on:

Thursday, December 14, 2023

Pressure, REMIC, Overalls, Housing, Home insurance, Real estate, Newfie

EMERYVILLE, Calif., Dec. 14, 2023 /PRNewswire/ -- Newfi Lending, an industry-leading lender specializing in innovative, non-agency mortgage solutions, today launched EquityChoice™: a new type of shared appreciation mortgage giving homeowners immediate access to cash to meet financial goals or fund lifestyle enhancements - without having to liquidate other portfolio investments, dip into savings, or experience the pressure of added monthly payments. The offering provides a unique financing tool for homeowners to better manage their wealth, while creating an entirely new asset class for investors.

Key Points:

The offering provides a unique financing tool for homeowners to better manage their wealth, while creating an entirely new asset class for investors.
"Newfi has created a groundbreaking new offering that meets homeowner needs for liquidity by combining the benefits of home equity sharing options such as no monthly payments with a traditional mortgage," said Steve Abreu, founder and CEO of Newfi.
"Our goal is to simplify the mortgage process in ways that gives financial control back to homeowners."
Newfi channel partners and service vendors will be able to earn revenue from an entirely new source despite one of the most challenging times the mortgage industry has experienced in decades.

NO RESPECT? RYAN REYNOLDS, POLITICIANS AND BITCOIN MILLIONAIRES BEAT MORTGAGE BROKERS FOR GIVING TRUSTED ADVICE

Retrieved on:

Monday, December 4, 2023

Bitcoin, Broker, NOT, White, Mortgage broker, Real estate, Football, Bank, Estate agent, Friends, Adviser, REMIC, Parent, Family, Quality of life, Certification, Wolverine, Financial adviser

New research strongly suggests that the fees, services, qualifications and even intentions of Mortgage Brokers are (mostly) misunderstood by Canadians.

Key Points:

New research strongly suggests that the fees, services, qualifications and even intentions of Mortgage Brokers are (mostly) misunderstood by Canadians.
To take a snapshot of how Canadians truly regard mortgage brokers, The Real Estate and Mortgage Institute of Canada ( REMIC ), conducted an online survey of 1000 random Canadians.
Bitcoin Millionaires over Brokers: Canadians don't covet Mortgage Broker advice:
Asked to rank who they would most like to take advice from, Canadians chose (1) parents, (2) Banks, (3) Financial Advisors, (4) Ryan Reynolds, (5) Politicians, (6) Bitcoin Millionaires, (7) Financial influencers, and (8) Real Estate Agents before (9) Mortgage Brokers.
Massively Misunderstood: Canadians don't actually understand how Mortgage Brokers work:
A combined 54.9% of Canadians mistakenly believe that Mortgage Brokers are paid by the homeowner (45.10%), or realtor (9.80%).

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2023-HQA3

Retrieved on:

Thursday, November 2, 2023

Other Professional Services, Professional Services, Finance, Documentation, DTI, Royal, KBRA, CLTV, Freddie Mac, Note, LTV, Trust, REMIC, Telescopic sight

KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2023-HQA3 Notes, Freddie Mac STACR REMIC Trust 2023-HQA3 (STACR 2023-HQA3), a credit risk sharing transaction with a total note offering of $636,000,000.

Key Points:

KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2023-HQA3 Notes, Freddie Mac STACR REMIC Trust 2023-HQA3 (STACR 2023-HQA3), a credit risk sharing transaction with a total note offering of $636,000,000.
STACR 2023-HQA3 features loans with loan-to-value (LTV) ratios greater than 80%, but less than or equal to 97%.
The Offered Notes represent obligations of the STACR 2023-HQA3 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2023-HQA3 Reference Pool.
The STACR 2023-HQA3 Reference Pool consists of 62,836 residential mortgage loans with an outstanding principal balance of approximately $22.4 billion as of the cut-off date.

REAL ESTATE REGRETS: OVER A THIRD OF CANADIANS REGRET THEIR CURRENT MORTGAGE SITUATION

Retrieved on:

Wednesday, August 16, 2023

Sleep, REMIC, Quality of life, Woman, White, Real estate, Human back

To take a snapshot of how Canadian homeowners are really feeling about their home purchases, costs, and mortgage increases, The Real Estate and Mortgage Institute of Canada ( REMIC ), conducted an online survey of 1000 random Canadians.

Key Points:

To take a snapshot of how Canadian homeowners are really feeling about their home purchases, costs, and mortgage increases, The Real Estate and Mortgage Institute of Canada ( REMIC ), conducted an online survey of 1000 random Canadians.
Key findings of the survey:
Yet only 30.21% of Canadians say they would have purchased a less expensive property if they knew mortgage rates would go up.
:
Asked if they knew what the current interest rate is in Canada, over half of Canadians (59% combined) said they did not.
Even more disturbingly, a combined 68.4% of Canadians said they didn't know what their mortgage payments would be if the Canadian interest rate reached 5% … WHICH IS THE CURRENT RATE.

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2023-DNA2

Retrieved on:

Tuesday, April 18, 2023

Banking, Professional Services, Insurance, Finance, Note, DTI, KBRA, REMIC, LTV, Trust, Documentation, Freddie Mac, Royal, CLTV, Telescopic sight

KBRA assigns preliminary ratings to 34 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2023-DNA2 Notes, Freddie Mac STACR REMIC Trust 2023-DNA2 (STACR 2023-DNA2), a credit risk sharing transaction with a total note offering of $722,000,000.

Key Points:

KBRA assigns preliminary ratings to 34 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2023-DNA2 Notes, Freddie Mac STACR REMIC Trust 2023-DNA2 (STACR 2023-DNA2), a credit risk sharing transaction with a total note offering of $722,000,000.
STACR 2023-DNA2 features loans with loan-to-value (LTV) ratios greater than 60%, but less than or equal to 80%.
The Offered Notes represent obligations of the STACR 2023-DNA2 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2023-DNA2 Reference Pool.
The STACR 2023-DNA2 Reference Pool consists of 55,113 residential mortgage loans with an outstanding principal balance of approximately $17.9 billion as of the cut-off date.

Sabal Investment Holdings Grows Leadership Team; Focuses on Market-Specific Expertise

Retrieved on:

Tuesday, November 29, 2022

IRVINE, Calif., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Sabal Investment Holdings (SIH) , a real estate investment management firm that serves institutional investors, today announced the expansion of its leadership team with the aim of driving the companys long-term strategy through distinct market expertise.

Key Points:

IRVINE, Calif., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Sabal Investment Holdings (SIH) , a real estate investment management firm that serves institutional investors, today announced the expansion of its leadership team with the aim of driving the companys long-term strategy through distinct market expertise.
SIH Founder Pat Jackson will continue at the helm of the company as Chief Investment Strategist.
As Managing Director of Structured Credit at SIH, Ayres is responsible for structured credit investments, capital markets and portfolio management.
Headquartered in Irvine, Calif., Sabal Investment Holdings (SIH) is a real estate investment management firm with $ 1 billion AUM under management, providing advisory and investment management services to institutional investors.