Bayview sells unrated RPL after scuttled deal

house calculator
By Matthew Scully
31 Jul 2014

Bayview Financial is foregoing the ratings process on a securitization of once defaulted mortgages (RPL for reperforming loans) after a ratings disagreement in May scuppered an attempted transaction.

Bayview, which has sold this year two non-performing securitizations of US residential mortgages, will issue as early as Wednesday a $192m securitization of reperforming collateral. The pool is different to the one Bayview pulled from the market in May, according to a person familiar ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial