Credit Suisse Issues its Second Jumbo MBS Of 2012, Taps Out Supply of MetLife Loans
July 6, 2012
A subsidiary of Credit Suisse Group issued its second non-agency jumbo mortgage-backed security of the year last week. The transaction was backed by $425.09 million of jumbo mortgages, largely originated by MetLife Home Loans, which ceased originations at the beginning of this year. The privately-placed deal CSMC Trust 2012-CIM2 received AAA ratings from Standard & Poors and DBRS with credit enhancement of 8.25 percent on the AAA tranche. S&P also placed a AAA rating on CSMC Trust 2012-CIM1, the $741.94 million ...