Another Tough Quarter for Non-QM REIT Angel Oak. However... August 10, 2022 Brandon Ivey Despite the difficulties, AOM is increasing its warehouse financing capacity and working to acquire non-QMs with higher interest rates.Read More
Ginnie Issuance Falls to a 2022 Low in July August 9, 2022 Monica Hogan In July, PennyMac Financial Services led the pack with $4.5 billion of Ginnies issued...Read More
Volatility in Expanded-Credit Market Shakes Up MBS Contributors August 8, 2022 Brandon Ivey Among the top five contributors to expanded-credit MBS in 2021, only two cracked the top five in 2Q22...Read More
Agency MBS Issuance Falls to 2022 Low in July August 5, 2022 John Bancroft Lenders delivered $98.10 billion of purchase loans into agency MBS last month...Read More
Western Asset’s Non-QM-Focused REIT Considering Sale August 5, 2022 Brandon Ivey At June 30, the REIT held non-qualified mortgages of roughly $1.24 billion...Read More
Freddie: WI Certificates Update August 3, 2022 Dennis Hollier These new placeholder certificates are expected to become the primary way to purchase the A-M and A-2 classes of Freddie K-deals.Read More
Looser Underwriting Standards Seen in GSE Deliveries August 1, 2022 Namrata Bhatia The GSEs are taking in an increasing amount of loans with higher LTV ratios and lower credit scores.Read More
Rithm (New Residential) Goes Bigger With its Second SFR Securitization August 1, 2022 Brandon Ivey Rithm launched its single-family rental operations in 2019 and had acquired 3,285 properties as of the end of March.Read More
Fed’s Actions Reducing the Value of its MBS Holdings August 1, 2022 Dennis Hollier Just like private market participants, the Fed is experiencing unrealized losses on its massive holdings of agency MBS and Treasury securities.Read More
Redwood Swings to Loss in 2Q, Jumbo Acquisitions Drop July 29, 2022 Brandon Ivey Redwood took losses on both its long-term investments and jumbo aggregation activity in the second quarter.Read More
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