Chimera CIO Mohit Marria: “The thirst for yield from the investor base remains strong.”

Great Ajax’s forte is buying re-performing mortgages…

Due to temporary standards established by the CFPB, mortgages eligible for sale to the GSEs are treated as qualified mortgages even if they have higher debt-to-income ratios that would otherwise make them non-QMs…

“The opportunity for us is clear,” said Christopher Abate, president of Redwood. “Capital needs in this still emergent sector of housing finance continue to rise..."

Interesting fact: Most of these non-QM loans were originated by banks...

“It appears that the larger the investment, the larger the resentment,” Stratmor said.

Most of the loans are non-agency jumbos, but a handful are eligible for sale to Fannie Mae and Freddie Mac.

WEI is based in McLean, VA and owned by Arc Home, which in turn is controlled by funds under the management of Angelo, Gordon.

Clayton Services reviewed 2,164 mortgages for the planned Arroyo Mortgage Trust MBS…

Loans in Chimera’s forthcoming deal were underwritten to guidelines established separately by Bank of America, Caliber Home Loans and Quicken…