Charter Court taps BofA for first sterling RMBS of 2020
Bank of America is arranging the first sterling RMBS of the year, Precise Mortgage Funding 2020-1B, a £432m deal from Charter Court’s securitization platform.
Lloyds and BofA are joint lead managers on the deal, a prime buy-to-let mortgage transaction backed 100% by first-lien loans originated since 2014. The pool a weighted average seasoning of 9.7 months.The deal has a three year, £241.26m senior tranche rated triple-A by Fitch and Moody’s with ...
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