Five Oaks readies its own jumbo RMBS platform

By Ryan Bolger
17 Mar 2015

Five Oaks Investment Corp is on pace to acquire enough jumbo mortgages to launch its own securitization platform by the second quarter, the company announced on Monday.

The real estate investment trust’s acquisition vehicle, Five Oaks Acquisition Corp (FOAC) started acquiring prime jumbo mortgages in May 2014, but did not have enough supply to launch its own deal last year. Instead, Five Oaks partnered with JP Morgan and Credit Suisse to sponsor deals off of ...

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