A handful of former top executives in the mortgage departments of Goldman Sachs and Credit Suisse have launched Shelter Growth Capital Partners and hope to eventually purchase and then securitize mostly residential loans that don’t meet parameters of the qualified mortgage test. According to marketing materials provided to select originators and then passed on to Inside MBS & ABS, the Shelter Growth (or SG Capital) conduit will focus mostly on A-minus quality loans. A preliminary loan menu distributed this spring states that SG will purchase 30-year mortgages with FICO scores as low as 620. Loan amounts will range from $150,000 to $1 million. It also will finance consumers who went through a foreclosure as recently as two years ago. The coupons on the offering grid range from 5.75 percent to 9.00 percent. According to the marketing materials, SG Capital requires that all the mortgages be ...