Titularizadora Colombiana Sells 100bn RMBS

Titularizadora Colombiana – Colombia’s answer to Fannie Mae – has sold just over $51m worth (100.13bn pesos) of 10-year residential mortgage-backed securities (TIPs) Thursday. The IFC-backed institution plans to sell a second 100bn-peso tranche of its peso-denominated, fixed-rate TIPs later this month. The securities will yield 9.99%. The mortgages backing the securities were originated by Banco Davivienda, Colombia’s third-largest bank.