Wells Fargo once again ranked first among all agency sellers with $17.6 billion sold to Fannie, Freddie and Ginnie. Quicken was second with $8.46 billion.
After soaring to nearly a four-year high in September, monthly production of Fannie Mae, Freddie Mac and Ginnie Mae MBS starting coming to earth in October. The three agencies issued a total of $146.68 billion of single-family MBS last month, down 8.8 percent from September. Even with the downturn, October still ranked as the second-highest monthly issuance since June 2013. Year-to-date production edged...[Includes two data tables]
An affiliate of Shelter Growth Capital Partners issued its first nonprime MBS late last week, according to offering documents obtained by Inside MBS & ABS. The $113.71 million deal included non-qualified mortgages from a number of lenders. The mortgages in SG Residential Mortgage Trust 2016-1 were acquired by SG Capital Partners, an affiliate of Shelter Growth, an investment manager and hedge fund. SG Capital Partners started acquiring non-agency mortgages in January 2015. As of June 1, Shelter Growth had...