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Home » Shellpoint Scraps Its Planned Second Jumbo MBS Due to Better Whole-Loan Execution
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Shellpoint Scraps Its Planned Second Jumbo MBS Due to Better Whole-Loan Execution

October 25, 2013
Shellpoint Partners this week pulled the plug on its second jumbo non-agency MBS issuance of the year and will instead sell the mortgages as whole loans. Shellpoint Asset Funding Trust 2013-2 was initially offered as a $308.64 million deal in September. The company then reduced the offering to a $250.85 million securitization with a number of tweaks aimed at attracting investors. In the end, the company couldn’t structure...
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