MBS Transactions 2022
Home Equity MBS Transactions 2022
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Transaction: PRMI Securitization Trust 2022-CMG1
Issuer: Freedom Consumer Credit Fund LLC
Issuance Date: December 2022
Amount: $282 millioni
Originators: CMG Mortgage Inc.
Weighted-Average Credit Score: 754
Weighted-Average Debt-to-Income Ratio: na
Weighted-Average Loan-to-Value Ratio: 73%
Notes: 1st liens with CA concentration. O/O is 97%
Transaction: FREED Mortgage Trust 2022-HE1
Issuer: Freedom Consumer Credit Fund LLC
Issuance Date: December 2022
Amount: $175 million
Originators: Achieve Home Loans
Weighted-Average Credit Score: na
Weighted-Average Debt-to-Income Ratio: na
Weighted-Average Loan-to-Value Ratio: “low” CLTV
Notes: HELOCs fully drawn at origination, 7-month average seasoning, fixed rate, fully amortizing 10- or 15-year, draw period open for 5 years
Transaction: [Unlock Technologies transaction]
Issuer: na
Issuance Date: September 2022
Amount: $180 million
Originators: Unlock
Weighted-Average Credit Score: na
Weighted-Average Debt-to-Income Ratio: na
Weighted-Average Loan-to-Value Ratio: na
Notes: Non-loan securitization, “senior debt offering in the securitization was oversubscribed with participation across mutual funds, credit funds, banks and asset managers”
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