Alt A Mortgage

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

April 22, 2016 - Inside Nonconforming Markets

Subprime Volume Indicators and Performance

A page of subprime and jumbo data.


April 22, 2016 - Inside Nonconforming Markets

Caliber First to Receive ‘Expanded Credit’ Rating

Caliber Home Loans was assessed by Moody’s Investors Service as an originator of “expanded-credit” mortgages last week. Caliber is the first lender to receive a rating from Moody’s for expanded-credit mortgages, which could pave the way for the first rated non-agency mortgage-backed security that includes non-qualified mortgages. The rating service defined Caliber’s expanded-credit mortgages as non-agency mortgages that are not prime jumbo loans. Moody’s said ...


April 15, 2016 - Inside MBS & ABS

Tighter Competition Among Small Lenders Raises Aggregate Losses in Subprime Auto ABS, Says Report

Overall net losses in subprime auto ABS are on the rise due to an increasing number of deals from smaller lenders that cater to borrowers with weak credit. Amid this trend, however, subprime auto ABS performance varies by lender, according to a new report from Moody’s Investors Service. Moody’s analysts said competition among auto lenders has tightened as new, mostly smaller, lenders – driven by low losses on post-crisis auto loans and low interest rates – enter the market and compete for borrowers. The crowded market has driven...


April 8, 2016 - Inside Nonconforming Markets

Subprime Volume Indicators and Performance

A page of subprime and jumbo data.


April 8, 2016 - Inside Nonconforming Markets

Fitch Adjusts Criteria to Rate Nonprime MBS

Fitch Ratings revised its criteria for rating non-agency mortgage-backed securities backed by non-qualified mortgages last week. The new standards set the stage for Fitch to rate nonprime non-QM MBS. The new non-QM criteria from Fitch include expanded product assumptions for rating nonprime mortgages and loans to self-employed or non-wage-earning borrowers. When determining litigation liability, Fitch said it will make a distinction between non-QMs for “very high ...


March 25, 2016 - Inside Nonconforming Markets

Subprime Volume Indicators and Performance

A page of subprime and jumbo data.


March 25, 2016 - Inside Nonconforming Markets

Mixed Views on the Outlook for Non-QM Lending

Originating non-qualified mortgages remains a niche market. According to a recent survey of 200 lenders conducted by Lenders One, 64 percent of survey respondents say they originate non-QMs, though only 18 percent of the total respondents frequently originate the loans. Many of the lenders appear to be offering non-QMs to prime borrowers, with nonprime non-QMs much less common. Impac Mortgage Holdings is one of the most prominent lenders offering non-QMs ...


Poll

Does your lending shop have any plans to make non-jumbo, non-QM loans this year? These would be loans similar to "Alt A" and subprime products made BEFORE standards were loosened severely in the 2004 to 2007 era.

Yes.

33%

No.

33%

It’s under consideration, maybe by 3Q or 4Q.

26%

We were going to until the TRID "error" mess hit.

7%

Housing Pulse