{"id":2563,"date":"2021-10-27T21:34:45","date_gmt":"2021-10-27T21:34:45","guid":{"rendered":"https:\/\/frankbuysphilly.com\/private-label-market-filled-the-void-created-by-pspa-changes\/"},"modified":"2021-10-27T21:34:45","modified_gmt":"2021-10-27T21:34:45","slug":"private-label-market-filled-the-void-created-by-pspa-changes","status":"publish","type":"post","link":"https:\/\/frankbuysphilly.com\/private-label-market-filled-the-void-created-by-pspa-changes\/","title":{"rendered":"Private-label market filled the void created by PSPA changes"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>The pandemic, stellar vacation-home sales and regulatory turbulence combined in 2021 to spark a boom in private-label securitizations backed by mortgages on second homes and investment properties.<\/p>\n<p>A total of 37 such deals were completed through October of this year involving more than 51,000 mortgages on properties that were not a primary residence (in other words, second homes and investment properties), according to HousingWire\u2019s analysis of private-label securitization deals over the period. The mortgages used as collateral were valued in aggregate at $15.2 billion as of the closing of the transactions.<\/p>\n<p>The mortgage-collateral volume and total deal count in 2021 dwarfs even the combined totals from the prior two years:&nbsp;<\/p>\n<ul>\n<li>2020 \u2014 12 deals involving 13,300 loans valued at $3.9 billion.<\/li>\n<li>2019 \u2014 15 deals involving 17,492 mortgages valued at $5.4 billion.<\/li>\n<\/ul>\n<p>The analysis is based on an examination of data supplied by the<strong> Kroll Bond Rating Agency<\/strong> covering more than 160 private-label residential mortgage-backed security (RMBS) issuances over the first 10 months of this year.&nbsp;<\/p>\n<div class=\"wp-block-woocommerce-memberships-member-content\">\n<div class=\"woocommerce\">\n<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n<div class=\"hw-logo\"><img decoding=\"async\" src=\"https:\/\/www.housingwire.com\/wp-content\/uploads\/2021\/06\/2020_HWLogo.jpeg\" alt=\"hw logo\" \/><\/div>\n<h2>This content is exclusively for HW+ members.<\/h2>\n<p>Start an <u><span class=\"wc-memberships-products-grant-access\"><a href=\"https:\/\/www.housingwire.com\/product\/hw-membership\/\">HW+ Membership<\/a><\/span><\/u> now for less than $1 a day.<\/p>\n<p>Your HW+ Membership includes:<\/p>\n<li>Unlimited access to HW+ articles and analysis<\/li>\n<li>Exclusive access to the HW+ Slack community and virtual events<\/li>\n<li>HousingWire Magazine delivered to your home or office<\/li>\n<p><a class=\"woocommerce__cta-button\" href=\"https:\/\/www.housingwire.com\/membership\/\">Become a member today<\/a><\/p>\n<p>Already a member? <u><a href=\"https:\/\/www.housingwire.com\/my-account\/\">log in<\/a><\/u><\/p>\n<\/ul><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.housingwire.com\/articles\/private-label-market-filled-the-void-created-by-pspa-changes\/\">Private-label market filled the void created by PSPA changes<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.housingwire.com\">HousingWire<\/a>.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.housingwire.com\/articles\/private-label-market-filled-the-void-created-by-pspa-changes\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pandemic, stellar vacation-home sales and regulatory turbulence combined in 2021 to spark a boom in private-label securitizations backed by mortgages on second homes and investment properties. A total of 37 such deals were completed through October of this year involving more than 51,000 mortgages on properties that were not a primary residence (in other [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2564,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,1],"tags":[],"_links":{"self":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts\/2563"}],"collection":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/comments?post=2563"}],"version-history":[{"count":0,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts\/2563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/media\/2564"}],"wp:attachment":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/media?parent=2563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/categories?post=2563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/tags?post=2563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}