Alt A Mortgage

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

February 22, 2019 - Inside MBS & ABS

Mortgage Grapevine

Non-QM Paper; The Return of Nicholas Smith...


February 22, 2019 - Inside MBS & ABS

Nonprime MBS Issuance Off To a Strong Start in 2019

The market for nonprime MBS is hot as issuers bring larger deals to meet demand from investors.


February 15, 2019 - 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.


February 15, 2019 - Inside Nonconforming Markets

News Briefs

Carrington Mortgage Services has loosened its underwriting guidelines and improved pricing for various expanded-credit products. The maxi-mum debt-to-income ratio for 12-month bank statement mortgages increased from 43% to 50% and reserve requirements reduced for certain products. Home Point Financial started offering expanded-credit mortgages this month. The lender’s “Edge” program includes jumbo mortgages with loan-to-value ... [Includes four briefs]


February 15, 2019 - Inside Nonconforming Markets

GSE Nonprime Assets Have Differing Run-Off Rates

Fannie Mae and Freddie Mac continue to let their holdings of nonprime mortgages run off, with some differences in the rate at which the holdings are diminishing, according to a new analysis by Inside Nonconforming Markets. The holdings are concentrated on mortgages originated before the financial crisis, largely purchased/guaranteed loans held in portfolio. Fannie held $56.10 billion of such loans as of the end of 2018, down 24.5% annually ... [Includes one data chart]


February 15, 2019 - Inside Nonconforming Markets

Seer Capital Enters Non-QM MBS Market

Seer Capital Management is set to issue its first mortgage-backed security with non-qualified loans. The New York-based company launched its non-QM program in 2013 and it owns HomeXpress Mortgage, a wholesale lender founded in 2016. The investment manager’s Residential Mortgage Loan Trust 2019-1 will be a $227.11 million issuance, according to presale reports published this week. HomeXpress will be the top contributor to the deal, accounting for 57.9% of the issuance ...


January 18, 2019 - 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.


January 18, 2019 - Inside Nonconforming Markets

NewRez MBS Flush with Loans to Self-Employed

The expansion-minded New Residential Investment Corp., New York, seems to have a thing for self-employed borrowers: Most of its recent non-agency MBS deals are stuffed with the product.


January 18, 2019 - Inside Nonconforming Markets

Angel Oak Preps Largest Post-Crisis Nonprime MBS

Angel Oak Companies is set to issue the largest post-crisis nonprime mortgage-backed security.


January 18, 2019 - Inside Nonconforming Markets

Nonbanks Step Up Efforts with Non-Agency Products

To better compete with banks, several prominent nonbank lenders recently launched new non-agency products, including prime jumbo mortgages and non-qualified mortgages.


Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.

53%

Time for a change. Borrowers are different today.

35%

Undecided, still assessing the situation.

12%