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Monday, June 01, 2020 10:24:11 AM
A loan starts with 100% LTV, the next day the odds are that it's 101%.
FnF's average credit score is 754. Then, the rule says 99% risk weight x 8% x UPB. That is, on average, an 8% Total Capital set aside for the new mortgages.
This is tailored for Moelis' follow-on stock offerings.
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