Alt A Mortgage

Browse articles from all of our Newsletters related to Alt A Mortgage.

April 20, 2018 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


April 20, 2018 - Inside Nonconforming Markets

SG Capital Partners Obtains Ratings for New Deal

SG Capital Partners is set to issue its first rated nonprime mortgage-backed security after bringing to market some unrated deals in recent years and aggregating loans in a rated nonprime MBS issued by a competitor. Morningstar Credit Ratings and S&P Global Ratings assigned preliminary AAA ratings to the planned $140.1 million SG Residential Mortgage Trust 2018-1 last week. Somewhat unusually, the rating services came up with different figures on the share of non-qualified mortgages ...


April 6, 2018 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


April 6, 2018 - Inside Nonconforming Markets

Wholesale Lenders Launch Non-Agency Products

Nonbank wholesale lenders rolled out a variety of non-agency products in recent weeks, including prime jumbo mortgages, non-qualified mortgages and nonprime offerings. Newfi Lending launched Sequoia Porfolio Plus, a program where all underwriting and exceptions are handled in-house. Steve Abreu, Newfi’s CEO, said the new offering combines “the best of jumbo and non-traditional borrowing options.” The program allows for loan amounts of up to $2.0 million, credit scores ...


April 6, 2018 - Inside Nonconforming Markets

Angel Oak Issues Its Largest Nonprime MBS

Angel Oak Capital Advisors issued a $328.76 million nonprime mortgage-backed security this week, its biggest so far. Its previous high was a $210.45 million offering in July. DBRS and Fitch Ratings assigned AAA ratings to Angel Oak Mortgage Trust I, LLC 2018-1. The deal included credit enhancement of 35.6 percent on the senior tranche, somewhat lower than previous issuance from Angel Oak. Fitch said Angel Oak has strong underwriting and risk management practices, which ...


April 6, 2018 - Inside Nonconforming Markets

Issuance of Non-Agency MBS Backed By New Loans Up Sharply in 1Q18

Issuance of non-agency mortgage-backed securities with prime jumbo loans and expanded-credit mortgages flourished in the first quarter of 2018, according to a new ranking and analysis by Inside Nonconforming Markets. Combined, $6.28 billion of such securities was issued, more than double the activity in the first quarter of 2017 and up 24.6 percent from the fourth quarter of last year. Some $4.23 billion of prime jumbo MBS was issued during ... [Includes one data chart]


March 23, 2018 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


March 23, 2018 - Inside Nonconforming Markets

News Briefs

Angel Oak Capital Advisors is preparing to issue its first non-agency mortgage-backed security of the year backed by non-qualified mortgages, according to documents filed with the Securities and Exchange Commission. Tiptree has an agreement to sell jumbo lender Luxury Mortgage in the second half of this year. The buyer and purchase price weren’t disclosed. Citadel Servicing recently loosened underwriting standards on a number of its nonprime ... [Includes four briefs]


March 23, 2018 - Inside Nonconforming Markets

Retail Loses Some Market Share of Jumbo Production, Volume Down Across Channels

Originations of jumbo mortgages declined across the three production channels in 2017, with retail posting the biggest decline, according to an Inside Nonconforming Markets analysis of survey responses to affiliated publication Inside Mortgage Finance. The survey respondents reported $234.21 billion in jumbo originations, down 18.0 percent from 2016, which represented about 79.4 percent of the total jumbo market. Among respondents, retail production ... [Includes one data chart]


Poll

What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.

35%

I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.

14%

Not bad, but he needs to take his time making additional changes.

12%

We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!

39%