Lakeview Loan Servicing, one of the nation’s largest issuers of Ginnie Mae securities, is making a play in the private-label securities market by sponsoring an offering backed by a pool of 2,192 Federal Housing Administration-guaranteed mortgages valued at $423.6 million.
The offering, via a conduit called Lakeview Trust 2022-EBO1, is a rare transaction involving mostly delinquent mortgages, according to Kroll Bond Rating Agency’s (KBRA’s) report on the offering, which is slated to close March 15.
“The [current Lakeview] transaction is the fourth publicly rated non-agency securitization of its kind to be introduced to the market in over a decade,” details ⇒
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