Investor Loans
Sold approximately 5,650 loans totaling $936.9 million in unpaid principal balance, divided into four pools.
It might be a case, instead, of higher prices attracting investors
T.J. Durkin, MITT president, to also assume role of CEO.
Winning bidders for loans totaling $889.75 million in unpaid principal balance were PIMCO and Kah Capital.
Focus on the positive opportunities private lending provides.
RCKT Mortgage Trust offering comprises 330 residential mortgages with an aggregate principal balance of $337.9 million.
Sale consists of approximately 7,600 loans with an unpaid principal balance of approximately $1.49 billion.
The offering is a credit risk sharing transaction with a total note offering of $1.84 billion.
ICE says the futures contracts will offer investors a more refined hedge to manage exposure to U.S. residential mortgage rates.
The prime RMBS transaction is comprised of 1,024 residential mortgages with an aggregate interest-bearing principal balance of approximately $622 million.