Items Tagged with 'Private capital'

ARTICLES

  • MBA Secondary: Leaders of big banks and IMBs agree — a shakeout is coming

    "It's a brutally competitive market right now"
    Stearns Lending CEO David Schneider noted that even with companies finding more efficiencies in their process, something will have to give. “I think that capacity needs to come out of the system. There has been a lot of growth in independent banks, but they built their business with margins much higher than we see today.”
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  • Monday Morning Cup of Coffee: Private capital is returning to the mortgage market

    Plus, developments in affordable housing
    A few weeks ago, we asked if private capital was beginning to show more interest in the mortgage market. And now, we’re starting to see more signs that interest in mortgages that don’t fit inside the Qualified Mortgage box seems to be growing. Plus, big rental-related news out of New York and Minnesota. All that, and more, in your Monday Morning Cup of Coffee.
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  • Private capital interest in mortgages growing? Angel Oak closes its largest securitization

    More than 80% of loans are non-QM
    Earlier this year, Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, raised $291 million to invest in mortgages that don’t fit inside the Qualified Mortgage box. Apparently Angel Oak’s investors aren’t the only ones interested in non-QM loans. Angel Oak announced this week that it closed its largest securitization to date, a $328.78 million offering comprised largely of non-QM mortgages.
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  • Angel Oak raises nearly $300 million to invest in non-QM lending

    Private capital fund ready to buy mortgages
    It appears that private capital’s interest in mortgages that don’t fit into the Qualified Mortgage box is growing. Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, announced this week that it raised nearly $300 million to invest in non-QM lending.
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  • Redwood Trust CEO: We're ready for Trump to bring private capital back to mortgages

    Tells investors that REIT will be "aggressive" when time comes
    During an interview with CNBC on Thursday, Steven Mnuchin, the newly minted Secretary of the Department of the Treasury, reiterated the Trump administration’s pledge to pursue reform of Fannie Mae and Freddie Mac. And if that happens, Marty Hughes, the CEO of Redwood Trust, says that the real estate investment trust will be ready and willing to step further into the market.
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  • Regulators deny JPMorgan Chase, Redwood Trust securitization innovation

    Private market risk-sharing effort rejected by OCC
    Last year saw a bit of innovation in the private-label securitization market, as JPMorgan Chase launched a new securitization option where some of the risk on non-agency mortgages is transferred to the private market through a risk-sharing deal. But, the Office of the Comptroller of the Currency rejected the innovative securitization structure. What does it mean going forward?
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  • Conference dispatch: The overall non-agency mortgage market struggles, successes

    A take on two conferences
    Last week, owing to an apparent breakdown in internal communications, one of the industry’s leading conference producers held two competing securitization conferences on the East and West coasts. A few determined conference goers, including Mark Hughes, executive vice president with Clayton Holdings, racked up frequent flyers miles to attend both, giving HousingWire the scoop on what went on.
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  • AMI to Fannie Mae CEO: Private capital is ready for return to mortgages

    Association of Mortgage Investors responds to HousingWire report
    Contrary to what Fannie Mae's CEO told HousingWire last week, private capital is ready and willing to return to the mortgage market, the Association of Mortgage Investors said this week. AMI, which represents private investors, public and private pension funds, and endowments, went so far as to respond to Mayopoulos' statements directly. Here's their stand.
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  • Mortgage bond investors don’t trust lenders either

    Bloomberg explores where the private capital went
    It turns out that everyday people weren’t the only ones whose trust was broken by the crisis. According to a new report from Bloomberg, mortgage bond investors aren’t buying right now because they’re scared, too.
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  • Freddie Mac doubles down on credit risk offload to insurers

    Backstops remaining credit risk from three STACR deals
    Freddie Mac has made its first move of the year as part of its continuing effort to limit the American taxpayer's liability. Freddie announced that has obtained a number of insurance polices designed to cover much of the remaining credit risk associated with three of its Structured Agency Credit Risk transactions from 2014.
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