Alt A Mortgage

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

May 20, 2016 - Inside Nonconforming Markets

Subprime Volume Indicators and Performance

A page of subprime and jumbo data.


May 20, 2016 - Inside Nonconforming Markets

Banks Seen as Key for Non-QM MBS

For the issuance of mortgage-backed securities with non-qualified mortgages to take off, industry analysts suggest that banks need to play a larger role. To this point, nonbanks have been the only issuers of non-QM MBS. Ron D’Vari and Timothy Bernstein, analysts at New Oak, authored an overview of non-QM MBS issued in the latest issue of The Journal of Structured Finance, which was published this month. The analysts said real estate investment trusts and hedge funds ...


May 19, 2016 - Inside Mortgage Finance

Mortgage Product Mix Little Changed in Early 2016, Refi Surge Bolstered Purchase Slump

All three major food groups in the contemporary mortgage market – government-insured, jumbo and conventional conforming – saw roughly the same drop in new originations from the fourth quarter of 2015 to the first three months of 2016, according to a new analysis by Inside Mortgage Finance. Production of loans with FHA, VA and rural housing guarantees held up a little better than the other sectors, with estimated originations slipping 1.0 percent from the fourth quarter. Although purchase mortgages account for a relatively higher share of originations in the government-insured market, there was a boost in refinance lending, especially in the VA program, that helped sustain overall production in the sector. The conventional-conforming and jumbo markets were...[Includes two data tables]


May 6, 2016 - Inside Nonconforming Markets

Subprime Volume Indicators and Performance

A page of subprime and jumbo data.


May 6, 2016 - Inside Nonconforming Markets

MBS Leads Declines in GSEs’ Nonprime Holdings

Among the government-sponsored enterprises’ holdings of nonprime mortgages, non-agency mortgage-backed securities are declining much more quickly than purchased/guaranteed mortgages, according to an analysis by Inside Nonconforming Markets. The combined nonprime MBS holdings of Fannie Mae and Freddie Mac declined by 9.6 percent during the first quarter of 2016 compared with the end of 2015. The GSEs’ combined purchased/guaranteed holdings of subprime mortgages and Alt A mortgages declined by 4.1 percent in that time. Similar trends are evident on a yearly basis. MBS account...


May 6, 2016 - Inside MBS & ABS

GSEs Prune Retained Investment Portfolios To Meet FHFA’s Conservatorship Cap

Fannie Mae and Freddie Mac trimmed their retained mortgage investment portfolios in the first quarter of 2016 by a combined 2.8 percent. The Federal Housing Finance Agency directed the government-sponsored enterprises to wind down their portfolios by 15 percent each year until they reach $250 billion by 2018. At the end of the first quarter, Fannie’s mortgage-related investment portfolio dropped to $332.6 billion, a 3.6 percent decline from December 2015. The biggest drop was in the GSE’s non-agency MBS holdings, which fell 21.3 percent in the first quarter to just $13.3 billion, roughly one tenth the amount held back in the heyday of the subprime and Alt A MBS markets. Fannie plans...[Includes one data table]


May 6, 2016 - Inside MBS & ABS

Angel Oak Readies Second Subprime MBS; Will Easing TRID Anxiety Bring More Deals to Market?

Angel Oak Capital Advisors is working on what should turn out to be its second nonprime mortgage securitization of the past six months, a deal that should be similar in size to its first offering of roughly $150 million, Inside MBS & ABS has learned. A source close to the company, who spoke under the condition his name not be used, could not commit to an exact issuance date except to say the security could be issued “soon.” To date, investor interest in the small amount of nonprime/non-qualified mortgage deals that have come to market has been...


May 6, 2016 - Inside MBS & ABS

Investor Demand for Non-QM MBS Fairly Low, Limiting Prospects for Issuance in the Near Term

Industry participants are gearing up for non-agency MBS backed by non-qualified mortgages, but don’t expect a flood of volume anytime soon. Four non-agency MBS backed by new nonprime mortgages were issued in 2015, the largest of which was a $150.35 million deal from Angel Oak Capital Advisors. None of the deals were subject to risk-retention requirements that took effect at the end of 2015 and none were rated. A rating on a non-QM MBS could improve...


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...


Poll

What is the very best source of new mortgage customers for your lending shop? (Choose one only.)

Leads provided to me by employer
Paid internet/website leads
Real estate agents/Realtors
Homebuilders
Our existing customer base/our servicing customers
My own personal sales "leads" database
Other

vote to see results
Housing Pulse