Starwood Property Trust plans to issue a non-agency mortgage-backed security with non-qualified mortgages in the first quarter of 2018, according to officials at the real estate investment trust. Starwood only recently started acquiring non-QMs, with help from Federal Home Loan Bank advances. Officials said the company acquired $128.0 million of non-agency mortgages in the third quarter, bringing the REIT’s portfolio of such loans to $419.0 million. Jeffrey DiModica, Starwood’s ...
It will be the 11th issuance of its type by loanDepot.
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