A strong first half of 2015 helped the issuance of jumbo mortgage-backed securities top the volume seen in 2014, according to a new analysis by Inside Nonconforming Markets. But as the year progressed, issuance slowed and industry analysts don’t expect much of an increase in volume in 2016. Some $12.08 billion in jumbo MBS were issued in 2015, up 25.4 percent compared with 2014 but not enough to match the $13.12 billion in 2013 issuance. And jumbo MBS activity ... [Includes one data chart]
If Kurland sells all of the shares he registered, it will leave him with 424,025, making him (still) the largest individual shareholder in the publicly traded REIT.
Angel Oak Capital Advisors issued a nonprime mortgage-backed security on Dec. 17 tied to loans with an unpaid principal balance of $150.35 million. It was the fourth – and largest – nonprime MBS issued in 2015. Angel Oak Mortgage Trust 2015-1 included a $120.28 million senior tranche, a $15.04 million mezzanine tranche and two subordinate tranches totaling $15.04 million. The deal was issued by Angel Oak’s Greenleaf Income Trust II and was not rated. Officials at Angel Oak said ...
Originations of interest-only mortgages by lenders that are prominent in the niche have lagged behind overall mortgage production trends, according to a new ranking and analysis by Inside Nonconforming Markets. Through the first three quarters of 2015, first-lien IO originations by a group of 12 lenders increased by 13.2 percent compared with the same period in 2014. Overall mortgage production in that time increased by 42.9 percent, according to ... [Includes one data chart]
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