The Kubota Credit Owner Trust 2024-2 (KCOT 2024-2) transaction is a securitization of fixed rate retail installment contracts secured by new agricultural, construction and turf equipment, sponsored by Kubota Credit Corporation, U.S.A. (KCC). The collateralization pool of $1 billion consists of 34,934 contracts. KCC originated all the contracts and will also be the transaction’s servicer.
Morgan Stanley Residential Mortgage Loan Trust 2024-INV3 (MSRM 2024-INV3) is issuing 34 classes of mortgage pass-through certificates in the trust’s third transaction in 2024. The deal closed on June 27, 2024 and the sponsor is Morgan Stanley Mortgage Capital Holdings. The transaction consists of 896 investment property mortgages with an aggregate principal balance of $296.7
Goldman Sachs Mortgage is preparing to sell $316.7 million in residential mortgage-backed securities (MBS) to investors and repay them from a pool of 261 prime quality residential mortgages. While the investment bank Goldman Sachs & Co. is the notes’ initial purchaser, the deal is slated to close on June 28, according to Kroll Bond Rating
A pool of 478 first-lien, fixed-rate residential mortgages will secure $548.1 million in pass-through certificates from the Chase Home Lending Mortgage Trust, series 2024-5. The collateral mortgages are fully amortizing with original terms of mainly 30 years to maturity, and a weighted average (WA) loan age of seven months, according to DBRS Morningstar. Almost the
A pool of fully amortizing, fixed-rate second-lien mortgages with 10- and 20-year terms—predominantly the latter—will provide revenue to repay $445 million in mortgage-backed securities from the RCKT Mortgage Trust 2024-CES4. Given future home price declines and a few other characteristics, the collateral pool has high expected loss severity. ¬Yet Rocket Mortgage’s experience as a mortgage
“What if homeowners could tap into home equity without taking on debt?” When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future