Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.
Angel Oak Companies set company records for originations of non-qualified mortgages in 2018 and officials expect more growth this year. “Non-QM is booming, we’re going to set an all-time record in December and we’ve set records each quarter in 2018,” said Tom Hutchens, senior vice president of sales and marketing at Angel Oak Mortgage Solutions. “We’re continuing to see more people participate in the market, which is a great thing.” Through the first three quarters of 2018, Angel Oak ...
New mortgage- and asset-backed securitiza-tion production totaled $1.504 trillion in 2018, the lowest annual output in five years, an exclusive new analysis by Inside MBS & ABS reveals. [Includes three data charts.]
Late last month, the Securities Industry and Financial Markets Association held a meeting that could impact the future of the Federal Housing Finance Agency’s single security initiative.
The new year has arrived and along with it a bond market rally that’s causing interest rates to fall, sparking hope that first-quarter mortgage originations and securitizations might turn out to be better than anticipated.
After having initially been brushed off as unnecessary, a pilot program that allowed Freddie Mac and Fannie Mae to help finance single-family rental activity is now being hailed a success.
Analysts and investors are keeping a close eye on New Residential Investment Corp. these days, not because of bond market and interest rate fluctuations but because of its close ties to ailing Ditech Financial.
A new regulation set by the European Union for MBS and ABS issuance took effect at the start of the year. Though the rules don’t directly apply to U.S.-based deals, issuers here might have to comply if they want European investors to buy into their bonds.
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