twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.

New Penn Affiliate Issuing 2nd Jumbo RMBS

Shellpoint Asset Funding Trust 2013-2

Sept. 13, 2013

By Mortgage Daily staff

Jumbo mortgages originated or acquired by New Penn Financial LLC are part of the second securitization this year from Shellpoint Asset Funding.

The latest residential mortgage-backed security, Shellpoint Asset Funding Trust 2013-2, includes 431 first lien mortgages for nearly $309 million.

The loans were originated or acquired from correspondent originators by New Penn mostly through its Jumbo Advantage Program.

Most of the loans are 30-year, fully amortized, fixed-rate mortgages -- though there are a couple 15-year loans and a few interest-only mortgages.

The weighted-average loan-to-value ratio is 65 percent, and the weighted-average FICO score is 773.

Selene Finance LP is acting as the primary servicer, while Wells Fargo Bank, N.A., is the master servicer and Christiana Traus will serve as the trustee.

The transaction was rated both by Kroll Bond Rating Agency and by DBRS.

Earlier this year, Shellpoint Asset Funding Trust 2013-1 was issued. That deal -- the first by Shellpoint -- included 445 first mortgages for $262 million. It included loans with similar characteristics as 2013-2.

The 2013-1 deal was rated by Fitch Ratings, Kroll and Standard & Poor's Ratings Services.

Another recent RMBS transaction backed by jumbo mortgages is Agate Bay Mortgage Trust 2013-1. The 549 loans for $434 million were originated by Guaranteed Rate Inc., RPM Mortgage Inc. and Opes Advisors Inc., among other originators.

In addition, Sequoia Mortgage Trust recently closed its 11th RMBS deal this year. That deal included 453 loans for $346 million originated by several companies including PrimeLending and Plaza Home Mortgage.

next story

back to current headlines

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

Jumbo Mortgage News

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders