Bayview entices with yieldy RPL, but investors cite call risk
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SecuritizationRMBS

Bayview entices with yieldy RPL, but investors cite call risk

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Bayview Financial will have four times more ‘skin in the game’ in its latest re-performing mortgage loan securitization than credit risk retention rules would require, holding a nearly 20% stake in the $215m deal. But some firms aren’t sure if the higher yield the deal offers is worth the call risk on the unusually long-dated notes, even as the US non-agency RMBS market suffers from low issuance volumes.

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