General World News

Private-label market filled the void created by PSPA changes

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The pandemic, stellar vacation-home sales and regulatory turbulence combined in 2021 to spark a boom in private-label securitizations backed by mortgages on second homes and investment properties.

A total of 37 such deals were completed through October of this year involving more than 51,000 mortgages on properties that were not a primary residence (in other words, second homes and investment properties), according to HousingWire’s analysis of private-label securitization deals over the period. The mortgages used as collateral were valued in aggregate at $15.2 billion as of the closing of the transactions.

The mortgage-collateral volume and total deal count in 2021 dwarfs even details ⇒

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