NEW YORK, NY / ACCESSWIRE / May 24, 2021 / Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Velocity Financial, Inc.If you are a shareholder of Velocity Financial, Inc.
Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that it has closed its first securitization transaction of 2021, in aggregate $265 million of Mortgage-Backed Certificates, series 2021-1 (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 1.735%.
Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that Kroll Bond Rating Agency ("KBRA") has upgraded and affirmed the ratings on the 12 outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC ("VCC"). The rating actions occurred in conjunction with the completion of KBRA’s comprehensive surveillance review.