Bayview entices with yieldy RPL, but investors cite call risk
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.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: