Traditionally speaking, the spreads between the 10-year and mortgage rates is 1.60{f7521e28af93e37057fd794ae2aeb8f78a75fb68536eea3ae51c0b22a5d5a999}-1.80{f7521e28af93e37057fd794ae2aeb8f78a75fb68536eea3ae51c0b22a5d5a999}. Right now, the difference between them is 2.60{f7521e28af93e37057fd794ae2aeb8f78a75fb68536eea3ae51c0b22a5d5a999}.
Kiavi, one of the nation’s largest private lenders for residential real estate investors, closed a $300 million securitization of residential transition loans.