Velocity Financial Announces Closing of $205 Million Securitization; Seventeenth Securitization Since 2011

Author's Avatar
Aug 13, 2021

Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that it has closed its second securitization transaction of 2021, in aggregate $205 million of Mortgage-Backed Certificates, series 2021-2 (the "Certificates") backed by a portfolio of loans recently originated through Velocity's operating platform. The sold Certificates will be issued in seven classes and were priced with a weighted average fixed rate of 1.75%.