Invictus follows Ellington debut in non-QM bond market
Non-prime mortgage aggregator Invictus Capital Partners has launched a new RMBS deal backed by mortgages that fall outside government sponsored enterprise buying programmes, following a debut deal from Ellington that was priced on Monday.
Ellington’s $138.55m debut transaction, EFMT 2017-1, was arranged by Nomura and sold $96.96m of senior triple-A notes at 75bp over swaps. Credit Suisse was also on the deal as co-manager.
Ellington said in its third quarter results presentation last week
that it intended to use the securitization
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.