Banc of California is the top contributor to a new $388.16 million expanded-credit mortgage-backed security from an affiliate of Annaly Capital Management.
It was rumored that PIMCO was considering issuing non-agency MBS backed by nonprime non-qualified mortgages but loans in the pending deal have seasoned for a number of years and the borrowers have prime credit...
It will be the 11th issuance of its type by loanDepot.
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