Agora Data Issues Its First Auto ABS May 29, 2025 Abby Zimmardi The Texas-based finance company’s $112.1 million nonprime auto ABS received an A- rating.Read More
Climate Incidents Increasing Foreclosure Risk May 29, 2025 Abby Zimmardi Floods are the main driver of climate-related foreclosures, according to First Street. The firm said lenders consider climate as a risk factor.Read More
Better Pitching Its Mortgage Software to Banks May 23, 2025 Abby Zimmardi New York-based fintech Better is branching out by selling its AI-driven mortgage underwriting software to banks.Read More
Georgia Depository Goes Where Few Banks Wander: Non-QM Wholesale May 19, 2025 Abby Zimmardi American Pride Bank’s new unit is called APB Wholesale and has a keen focus on non-QMs.Read More
Short Takes: The Profit Picture / MSR Deal Roundup / A Non-QM (Company) Buyer? / Declining Interest in Vacation Homes / MBA Hires Treasury Official May 19, 2025 Paul Muolo and Abby Zimmardi Demand for vacation homes has dropped to the lowest level since 2018.Read More
Angel Oak REIT Touts Liquidity in Non-QM Market May 16, 2025 Abby Zimmardi Angel Oak Mortgage REIT securitized $284.3 million after the first quarter of the year ended.Read More
Bank Launches Wholesale Unit With Non-QM Focus May 16, 2025 Abby Zimmardi American Pride Bank in Georgia launched a new mortgage division last week focused on non-QM products.Read More
Low LTV Ratios Protecting DSCR MBS Investors May 16, 2025 Abby Zimmardi While impairments on securitized debt service coverage ratio loans have increased, losses have been minimal.Read More
News Briefs May 16, 2025 Abby Zimmardi Unison cuts equity loan APR; demand for vacation homes drops; Beeline starts affiliate network; weak demand for second homes.Read More
Flexibility Helps Ellington Weather Tariff Volatility May 15, 2025 Abby Zimmardi Amid a volatile month, Ellington Financial paused plans to issue an expanded-credit MBS and instead invested in MBS and ABS from other firms.Read More