PIMCO Unit Securitizing Somewhat Seasoned Non-QMs Originated by Acra February 21, 2023 Brandon Ivey Non-QMs in the MBS have an average coupon of only 5.00%.Read More
Non-QM Lenders' Guarded Optimism on 2023 Market February 17, 2023 Brandon Ivey After a tough 2022, some market participants say the outlook for investment property lending is starting to look up.Read More
Prime Non-Agency MBS Issuance Fizzles at End of 2022 February 15, 2023 Brandon Ivey Only two prime non-agency MBS were issued during the fourth quarter of 2022.Read More
Ares Management to Issue its First Non-QM MBS February 15, 2023 Brandon Ivey Ares is a publicly-traded alternative investment manager with $352.0 billion of assets under management.Read More
Large Amount of Non-QMs ‘Stuck’ on Warehouse Lines February 13, 2023 Paul Muolo and Brandon Ivey Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.Read More
MFA Stocks MBS with Cash-Out Refi IPLs February 7, 2023 Brandon Ivey The DSCR loans have an average interest rate of 7.0%.Read More
Angel Oak REIT Participates in Non-QM MBS, Reduces Warehouse Debt February 1, 2023 Paul Muolo The loans backing the deal have average seasoning of 12 months.Read More
Fix-and-Flip Players Turn to Fix-and-Rent February 1, 2023 Brandon Ivey Entry-level buyers are the largest share of purchasers for flipped homes...Read More
CDFI Proposal Could Impact Non-Agency Players January 31, 2023 Brandon Ivey CDFIs, for now, are exempt from the CFPB's ability-to-repay requirements.Read More
Short Takes: Staying In TPO / An Old M&A Deal That Fell Apart / Rocket and HELOCs / The HPI Goes Negative / Impac Must Pay Up January 31, 2023 Paul Muolo and Brandon Ivey Trouble ahead? The Federal Housing Finance Agency’s home price index went negative (though barely) in November...Read More
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