Banc of California is the top contributor to a new $388.16 million expanded-credit mortgage-backed security from an affiliate of Annaly Capital Management.
It was rumored that PIMCO was considering issuing non-agency MBS backed by nonprime non-qualified mortgages but loans in the pending deal have seasoned for a number of years and the borrowers have prime credit...
The Securities and Exchange Commission is increasing its srcutiny of sale of mortgage interests between investment vehicles managed by the same advisor, even if the parties involved are private entities.
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