Achieve Loans started marketing a $271.2 million securitization of home equity lines of credit late last week.

Prepayments rose as more recent homebuyers opt to refinance their higher interest rate mortgage.

The Guild acquisition was valued at approximately $1.3 billion.

The $3.46 billion issuance is one of the largest-ever commercial MBS. The data center deal has 10 co-originators including Citi Real Estate Funding, which funded 15.00% of loans in the CMBS.

The real estate investment and property management firm’s securitization is sized at $282.4 million.

The Mortgage Bankers Association has called on lawmakers to end tri-merge requirements for loans sold to the government-sponsored enterprises following reports of increased pricing for credit reports.

Incidences of fraud and loan defects are increasing among refinances as production of the loans accelerates.

The increase is being driven by large aggregators, ICE says.

Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said the rise in credit report pricing shows that the MBA is right to push for the end of the tri-merge credit reporting structure.

A new program from BofA would add two years of forbearance for borrowers impacted by January wildfires in LA.