Bayview markets new NPL deal after fumbled RPL in May

bayview
By Matthew Scully
26 Jun 2014

Bayview Financial has hit the US market with a $213m securitization of non-performing residential mortgages, one month after pulling a re-performing loan securitization following a public spat between two ratings agencies.

Bayview has mandated two banks as structuring leads, with Wells Fargo running books on the $148m 18NPL tranche and Bank of America Merrill Lynch running books on the $65.5m 19NPL tranche.

The notes, dated at 1.51 years and 1.73 years respectively, will likely be sold this week, according ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options