Five Oaks said it intends to use the net proceeds from the offering to purchase non-agency mortgage assets (including prime jumbo residential whole loans, other mortgage loans and new issue non-agency residential mortgage backed securities
, or RMBS), multi-family MBS, legacy non-agency RMBS and, to a lesser extent, agency RMBS.
UK lender Lloyds Banking Group plc (LON:LLOY) said it had agreed to shed a portfolio of US residential mortgage backed securities
(RMBS) with a book value of some GBP2.
DE) has said that it has appointed former Fannie Mae (NYSE: FNM) official Sal Mirran as Asia-Pacific head of residential mortgage backed securities
, as the German bank increases its focus on originating and selling such products in the region.
MortgageIT will become a part of Deutsche Bank's Residential Mortgage Backed Securities
group and Doug Naidus, CEO of MortgageIT, will become a Managing Director and Head of Mortgage Origination within the group.
However, BB&T has no operating history in performing residential mortgage backed securities
First Horizon has serviced a broad array of residential loans for more than 22 years and has been servicing residential mortgage backed securities
(RMBS) for more than six years.
is a real estate investment trust (REIT) that invests in residential mortgage backed securities
C-BASS' general business strategy involves targeted investments in subprime whole loans, subordinate Residential Mortgage Backed Securities
(RMBS), scratch-and-dent subperforming and nonperforming whole loans, and servicing rights.
These include residential and multifamily; commercial (office, industrial, retail and hospitality); Real Estate Investment Trusts (REITs); Residential Mortgage Backed Securities
(RMBS); and Commercial Mortgage Backed Securities (CMBS).
Although UMS was formed in October 2002, the company has over 11 years of experience master servicing residential mortgage backed securities
through its predecessors First Union and Wachovia.
Over the past three years the company began to pursue private investor and residential mortgage backed securities
AHL has been servicing residential mortgage backed securities
(RMBS) for six years with servicing offices located in San Diego, CA, and Orlando, FL.