trending Market Intelligence /marketintelligence/en/news-insights/trending/5pj6-0pstciehxofvc1m1w2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Five Oaks Investment to revise prime jumbo biz

Municipal-Run Fiber Tops 280000 Subscribers In 2018

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next

Corporate Renewables Market Looks To Continue Growth After Record 2018


Five Oaks Investment to revise prime jumbo biz

Five OaksInvestment Corp. will significantly revise its prime jumbobusiness, effective Aug. 1, given the continued unfavorable market conditionsfor the aggregation and securitization of mortgage loans and the continuedimplementation of its defensive strategy.

The company will no longer aggregate prime jumbo mortgageloans, nor maintain financing capacity to do so, and will effectsecuritizations off of its proprietary platform only on an opportunistic basisvia transactions where unit Five Oaks Acquisition Corp. can concurrently buyand sell loans.

Accordingly, Five Oaks Investment elected not to renew itsmaster repurchase agreement with Barclays Bank PLC as buyer. The agreement isits last remaining warehouse facility. The company instead determined that anextension of the facility until Oct. 1 in the amount of $25 million will beample for its currently expected loan financing needs. The agreement previouslyprovided for an aggregate maximum capacity of $150 million.