Velocity Announces Pricing of $249 Million Securitization
Velocity Financial, Inc. (VEL)
Company Research
Source: Business Wire
Thirteenth Securitization in Since 2011 WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), a leading originator of investor loans secured by 1-4 unit residential rental and small commercial properties, today announced the pricing of its first securitization transaction of 2020. The VCC 2020-1 Mortgage-Backed certificates (the “Certificates”) are rated by KBRA (Kroll Bond Rating Agency) and are backed by a portfolio of loans originated through Velocity’s operating platform.“We are pleased with the strong market reception of our first securitization of 2020 and our 13th transaction overall,” said President and CEO, Chris Farrar. “Velocity’s track record of outstanding collateral performance has resulted in our ability to consistently access the capital markets for term financing, allowing us to successfully grow the business while continuing to reduce funding costs. The quality of Velocity’s originations drives our practice of retaining at least 5 percen
Show less
Read more
Impact Snapshot
Event Time:
VEL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VEL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VEL alerts
High impacting Velocity Financial, Inc. news events
Weekly update
A roundup of the hottest topics
VEL
News
- Velocity Financial Inc (VEL) Q3 2024 Earnings Call Highlights: Record Origination Volumes and ... [Yahoo! Finance]Yahoo! Finance
- Velocity Financial, Inc. Reports Third Quarter 2024 ResultsBusiness Wire
- Velocity Financial, Inc. Announces Date of Third Quarter 2024 Financial Results Webcast and Conference CallBusiness Wire
- Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Highlights Velocity Financial, Onity Group and PennyMac Financial Services [Yahoo! Finance]Yahoo! Finance
VEL
Earnings
- 11/7/24 - In-Line
VEL
Analyst Actions
- 11/12/24 - BTIG
VEL
Sec Filings
- 12/16/24 - Form EFFECT
- 12/13/24 - Form 8-K
- 12/13/24 - Form 424B5
- VEL's page on the SEC website