Wells planning $274m NPL first

wells fargo
By Ryan Bolger
23 Mar 2015

Wells Fargo Securities is marketing a $274m securitization of non-performing loans held by an affiliate of the bank, according to deal documents.

The NPLs, currently held by an underlying entity called MART REO 2015-NPL1, will be issued by special purpose vehicle Mortgage Asset Receivables Trust 2015-NPL1.

The collateral pool includes seasoned, fixed, adjustable-rate, fully amortizing, ballooning NPLs secured by liens on single-family and multi-family properties, Wells said in its term ...

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