Skip to main content

Verus Completes $254 Million Investor Loan MBS Transaction

Feb 05, 2019
Verus Mortgage Capital (VMC) finished 2019 strong, recently finalizing its 14th and 15th rated Residential Mortgage-Backed Securities (RMBS) transactions for $533.5 million and $680.7 million respectively

Verus Mortgage Capital (VMC) has finalized its eighth rated RMBS (residential mortgage-backed securities) transaction for $254 million. The transaction was VMC’s fifth securitization in 2018.
 
The transaction was comprised of non-owner-occupied mortgages on one- to four-family properties. The securitization was rated by S&P Global Ratings and Morningstar, and is the second investor-only transaction by Invictus, an investment firm that backs VMC.
 
“We are quite pleased with how we closed out 2018 and anticipate this year being even stronger in terms of the increasing interest in and demand for non-QM and investor loans,” said Dane Smith, President of VMC. “Our focus remains on helping lenders grow their businesses with responsible non-QM lending and we are dedicated to purchasing quality loans as efficiently as possible.”


 
About the author
Published
Feb 05, 2019
The Agency, Barrett Financial Group Launch Joint Venture

Aclara Lending will offer its luxury clients a diverse selection of loan products, sourced from 140 different wholesalers.

Oct 07, 2024
NAR's Chief Legal Officer Steps Down

Katie Johnson led the association's legal team for 10 years

Oct 01, 2024
NAHB, Regions Bank, And Others Provide Disaster Relief

Regions Bank provides disaster-recovery financial services and NAHB helps rebuild

Oct 01, 2024
Rocket Mortgage And Annaly Capital Management Enter Subservicing Agreement

Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights held by Annaly.

Oct 01, 2024
Florida Receives $1M In Disaster Relief From Fairway Independent Mortgage Corp.

Fairway CEO calls out competitors to lend a helping hand as Florida homeowners are left reeling from disaster

Sep 30, 2024
Buyers Usher Into Market After Rate Cut

Buyer agents surveyed report 'minimal market disruption' following NAR Settlement

Sep 27, 2024