Alt A Mortgage

Browse articles from all of our Newsletters related to Alt A Mortgage.

January 18, 2019 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


January 18, 2019 - Inside Nonconforming Markets

NewRez MBS Flush with Loans to Self-Employed

The expansion-minded New Residential In-vestment Corp., New York, seems to have a thing for self-employed borrowers: Most of its recent non-agency MBS deals are stuffed with the product. Mortgages to self-employed borrowers will account for 75.9 percent of the pending $294.49 million MBS from New Residential. This is the company’s second MBS backed by non-qualified mortgages, following a $310.74 million issuance in October where the self-employed share was ...


January 18, 2019 - Inside Nonconforming Markets

Angel Oak Preps Largest Post-Crisis Nonprime MBS

Angel Oak Companies is set to issue the largest post-crisis nonprime mortgage-backed security. Nearly all of the loans in the $609.60 million deal were originated by Angel Oak, according to presale reports released this week by DBRS and Fitch Ratings. This issue tops a $489.57 million deal by an affiliate of Verus Mortgage Capital last year. Atlanta, GA-based Angel Oak originated 95.5 percent of the dollar volume of mortgages in the issue, 3.0 percent were produced by HomeBridge ...


January 18, 2019 - Inside Nonconforming Markets

Nonbanks Step Up Efforts With Non-Agency Products

To better compete with banks, several prominent nonbank lenders recently launched new non-agency products, including prime jumbo mortgages and non-qualified mortgages. They are even reducing pricing on non-agency products. On Jan. 2, PennyMac Financial Services, through its correspondent channel, introduced a non-QM program that allows credit scores as low as 660, combined loan-to-value ratios up to 90 percent, debt-to-income ratios up to 50 percent and ...


January 4, 2019 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


January 4, 2019 - Inside Nonconforming Markets

Angel Oak Expects Sustained Non-QM Growth in 2019

Angel Oak Companies set company records for originations of non-qualified mortgages in 2018 and officials expect more growth this year. “Non-QM is booming, we’re going to set an all-time record in December and we’ve set records each quarter in 2018,” said Tom Hutchens, senior vice president of sales and marketing at Angel Oak Mortgage Solutions. “We’re continuing to see more people participate in the market, which is a great thing.” Through the first three quarters of 2018, Angel Oak ...


January 4, 2019 - Inside Nonconforming Markets

Issuance of Non-QM MBS Expected to Rise in 2019

The market for mortgage-backed securities with non-qualified mortgages will continue to grow in 2019, according to industry analysts. However, the annual doubling of volume seen in recent years appears unlikely. Analysts at both Bank of America Merrill Lynch and Wells Fargo Securities project non-QM MBS issuance to increase by about 60 percent in 2019. Some $11.38 billion of expanded-credit MBS, including non-QMs, was issued in 2018, according to Inside Nonconforming ...


January 4, 2019 - Inside Nonconforming Markets

Non-Agency MBS Issuance Nearly Doubles in 2018

The total dollar volume of non-agency mortgage-backed securities backed by new originations nearly doubled in 2018, according to a new ranking and analysis by Inside Nonconforming Markets. Some $29.08 billion of non-agency MBS backed by new loans was issued in 2018, a 94.3 percent increase from 2017. Issuance of both prime non-agency MBS and expanded-credit deals hit post-crisis highs last year. Some $17.69 billion of prime non-agency ... [Includes one data chart]


December 14, 2018 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


December 14, 2018 - Inside Nonconforming Markets

Citadel Makes a Case for Vertical Integration

Brokers and correspondents looking for nonprime lenders to work with should consider the benefits provided by firms with vertical integration, according to a recent white paper by Citadel Servicing Corp. Citadel happens to be a vertically-integrated lender with wholesale and correspondent operations along with a servicing platform. The lender defined vertical integration as the combination of two or more stages of production at one company as opposed to the stages ...


December 14, 2018 - Inside Nonconforming Markets

Issuers Bring MBS Close to Year End

With 2018 winding down, issuers of non-agency mortgage-backed securities introduced two new deals this week. Neuberger Berman is set to issue its second expanded credit MBS of the year while Verus Mortgage Capital is planning its second deal backed by nonprime loans for investment properties. Neuberger Berman’s Homeward Opportunities Fund I Trust 2018-2 will be a $320.1 million deal and Verus Securitization Trust 2018-INV2 will be a $254.8 million issuance. Sprout Mortgage ...


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