Two innovative US RMBS transactions are marketing from both sides of the agency/non-agency divide. AIG has brought its debut self-sponsored deal to the market, while Fannie Mae is preparing a US$1.007bn CAS transaction, with notable departures from previous offerings.
AIG's US$446.17m non-agency RMBS, dubbed Pearl Street Mortgage Company (PSMC) 2018-1 Trust, is backed by 726 prime fixed-rate mortgages, acquired by AIG from various originators throughout the US.
Not yet registered? Join today to access SCI Content.