After a July doldrums during which there were no agency-eligible private-label securitizations (PLS) backed by mortgages on residential investment properties, the ice was broken this month with a new offering sponsored by Blue River Mortgage III LLC.

The prime PLS offering, dubbed GCAT 2022-INV3, is backed by a pool of 1,259 mortgages valued at $423 million. More than 97% of the loans in pool are agency-eligible investment properties, with the balance second homes. 

In addition, a separate non-prime (non-agency) private-label offering backed by mortgages on investment properties hit the market in August as well. That offering, Verus 2022-INV1, is a $389.5 million deal with the underlying details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com