Flagstar brings US RMBS market’s first prime investor property deal

JP Morgan and Wells Fargo are arranging a prime US RMBS deal backed by investor properties for Flagstar Bank, the first deal of its kind to hit the market according to Kroll Bond Ratings.

  • By David Bell
  • 15 May 2018

The new $329m RMBS deal, FSMT 2018-3INV, is Flagstar’s fifth prime RMBS deal but is the first ever prime deal in the US to be backed by investment properties, according to Kroll, which has rated the deal.

All of the 1077 mortgages in the collateral pool were eligible ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 130,010.09 379 11.12%
2 Bank of America Merrill Lynch 104,113.90 304 8.90%
3 JPMorgan 102,778.33 300 8.79%
4 Wells Fargo Securities 93,728.92 276 8.01%
5 Credit Suisse 76,904.09 209 6.58%