Pimco marketing second private label prime RMBS deal
Pimco is in the market this week with its second private label mortgage bond, which is backed by a pool of seasoned, prime residential home loans.
Bravo Residential Funding 2019-2 is backed by a $425.9m pool of fixed rate residential mortgages, most of which are 10, 15 or 20 years loans. Only 6% of the deal comprises 30 year mortgages.The deal offers classes rated triple-A to single-B. Bank of America and Credit ...
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