Unique Features in Credit Suisses Third Non-Agency Jumbo MBS Issuance of 2012
December 7, 2012
A new non-agency jumbo MBS from a subsidiary of Credit Suisse Group includes some key differences compared with Redwood Trust deals, while pumping life into the non-agency market. DLJ Mortgage Capital issued a $329.89 million non-agency jumbo MBS late last week via a private placement; it was the companys third of 2012. CSMC Trust 2012-CIM3 received a AAA rating from Standard & Poors with credit enhancement of 5.85 percent on the top-rated tranche. The new Credit Suisse deal included...