A lull in issuance of non-agency mortgage-backed securities in August looks to be ending as a number of issuers are preparing new deals.
Presale reports for five deals have been published this month, including prime non-agency MBS and expanded-credit MBS. In August, presale reports for eight deals were published, all in the first half of the month.
Wells Fargo and JPMorgan Chase are planning separate prime non-agency MBS that will total $984.51 million in volume. Chimera Investment is set to issue a $353.20 million MBS backed by mortgages for investment properties. Nearly all of the loans in the deal were eligible for sale to the government-sponsored enterprises.
New Residential Investment and Redwood Trust are prepping separate expanded-credit MBS that will total $729.06 million. At least two other MBS are in the works, according to filings with the Securities and Exchange Commission.
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