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Volume 2018 - Number 19

September 21, 2018

Chimera Preps Investment-Property MBS

Chimera Investment is preparing to issue a non-agency mortgage-backed security in which all the loans are eligible for sale to the government-sponsored enterprises. The deal is backed solely by mortgages on investment properties, according to presale reports by DBRS and Moodyís Investors Service. The deal follows a similar issuance in May by Flagstar Bank as industry analysts suggest that non-agency MBS offer issuers better execution than delivering some types of ...

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