Saturday, April 25, 2015

Five Oaks breaks into jumbo mortgage bonds

After participating in two jumbo mortgage bond offerings brought by other issuers in 2014, Five Oaks Investment Corp is launching a jumbo mortgage bond of its own. The offering, which will be issued as Oaks Mortgage Trust Series 2015-1, is backed by 383 mortgages with a total balance of approximately $267.2 million.

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