Bayview markets new NPL deal after fumbled RPL in May

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