Volume 2014 - Number 20
May 23, 2014
Five Oaks Exploring Non-Owner-Occupied Loans Securitization; Citadel Pencils First MBS for Fall
Even though the jumbo securitization market continues to struggle, there are signs of life in other non-agency niches, including non-owner-occupied mortgages and non-prime home loans. Five Oaks Investment Corp. recently launched a new product menu, saying it will purchase on a correspondent basis non-owner-occupied mortgages with loan amounts of up to $1.5 million. Company managing director Dave Akre told Inside MBS & ABS that the goal is to securitize. “We are...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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