In a recent report, Fitch Ratings noted that shortfalls can occur when a mortgage is prepaid before the end of the month, causing only a partial collection of the interest owed by the borrower...
The first non-QM MBS from Credit Suisse's DLJ Mortgage Capital relied solely on loans from AmWest Funding. The new security from DLJ is backed by product from multiple lenders.
“The appetite in the secondary market for non-QMs is insane,” said Shea Pallante, an executive vice president at the Long Island-based Sprout Mortgage...