Nierenberg, a former Bear Stearns executive, stressed that New Residential is going to be relatively conservative with its underwriting standards for non-QMs.
loanDepot, one of the nation’s largest nonbank home lenders, has come to market with a $300 million warehouse-related securitization for its Mello digital lending division. Three of the deal’s five tranches have received ratings from Moody’s Investors Service. The other two were not rated.