US mortgage lenders are resurrecting a private label RMBS market that has lain dormant for several years since the financial crisis, as investors chasing yield show interest in deals with riskier credit and looser underwriting. David Bell reports.
A new $329m prime RMBS deal backed solely by investor properties from Flagstar Bank this week was the latest in a spate of private label deals to have emerged in recent months.
The deal was the first of its kind, according to Kroll Bond Rating Agency. JP Morgan and