Originators of non-qualified mortgages are pondering sale offers from yield-hungry investors. Who’s in the driver’s seat? Right now, the originators are.
The pitch, emailed by On The Money Acquisition Partners, Charlotte, NC, continues: “Overnight, your situation can be completely different than the previous day.”
Prime non-agency MBS issuance jumped 51.9% from the second quarter to $26.58 billion in the third. Some $14.91 billion came from deals backed by traditional jumbo loans that exceed agency loan limits...