Alt A Mortgage

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

November 10, 2017 - 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.


November 10, 2017 - Inside Nonconforming Markets

Freddie’s Nonprime MBS Holdings Down Sharply

Freddie Mac significantly reduced its holdings of nonprime mortgage-backed securities in the third quarter, according to an analysis by Inside Nonconforming Markets. Freddie held $5.14 billion of nonprime MBS as of the end of September, down 52.2 percent from June. The government-sponsored enterprise sold approximately $5.00 billion of its non-agency MBS holdings during the quarter, according to filings with the Securities and Exchange Commission ... [Includes one data chart]


November 10, 2017 - Inside Nonconforming Markets

Higher-Priced Lending Increased in 2016

Originations of higher-priced mortgages increased significantly in 2016 compared with the previous year, according to an analysis by Inside Nonconforming Markets of data from the Home Mortgage Disclosure Act. The analysis excluded government-insured mortgages, multifamily loans and home-improvement loans. Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year ... [Includes one data chart]


November 10, 2017 - Inside Nonconforming Markets

Nonprime Lenders Aim to Avoid Risk Layering

Nonprime lenders allow credit scores as low as 500 and loan-to-value ratios up to 90.0 percent, but new originations don’t typically reach such extremes. According to an analysis by Inside Nonconforming Markets, the average credit score on loans in nonprime/Alt A mortgage-backed securities issued in recent years was 701.1. The average combined LTV ratio for the loans was 74.9 percent and the average debt-to-income ratio was 37.0 percent. The analysis ... [Includes one data chart]


November 10, 2017 - Inside Nonconforming Markets

Issuance of Expanded-Prime MBS Gains Momentum, Ellington Enters Market

Issuance of expanded-prime non-agency mortgage-backed securities is heating up with a new participant in the market and a quick second deal from Redwood Trust. Ellington Financial is preparing to issue its first non-agency MBS, which will largely consist of non-qualified mortgages originated by LendSure Mortgage. Morningstar Credit Ratings and S&P Global Ratings assigned preliminary AAA ratings to the deal this week. “Ellington Financial’s ability to access the robust securitization markets ...


October 27, 2017 - 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.


October 27, 2017 - Inside Nonconforming Markets

Citadel Prepares to Issue Nonprime MBS

Citadel Servicing Corp. continues to ready its first nonprime mortgage-backed security and received risk assessments from Morningstar Credit Ratings last week. The rating service evaluated Citadel as a lender and servicer, assigning it level-three rankings on a scale of one to four, with four being the worst. The assessment, along with a similar assessment by Fitch Ratings earlier this year, show that Citadel is taking steps toward issuing rated nonprime MBS. Sources close to ...


October 20, 2017 - Inside MBS & ABS

Citadel Gets Rated by Morningstar. Investors Will Get A Crack at Its First Non-QM MBS in a Few Months

Citadel Servicing Corp. has talked about issuing its first non-prime MBS, possibly late this year, and this week cleared a hurdle when it received lender and servicer ratings from Morningstar. According to sources close to the company, the anticipated MBS – backed by newly originated loans that do not meet the qualified-mortgage test – could be as large as $250 million. Nomura is assisting Citadel with the deal, a source noted, adding that the bond may not actually hit the market until ...


October 13, 2017 - 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.


October 13, 2017 - Inside Nonconforming Markets

Prime Jumbo MBS Issuance Surged In 3Q17, Nonprime Market Slowed

Issuance of prime non-agency mortgage-backed securities increased by more than 50.0 percent from the second quarter to the third, while activity in the nonprime MBS market slowed, according to a new ranking and analysis by Inside Nonconforming Markets. Some $2.97 billion of prime non-agency MBS was issued in the third quarter, up 58.1 percent from the previous period. The deals were largely backed by jumbo mortgages, along with some loans ... [Includes one data chart]


Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

vote to see results