Items Tagged with 'non-QM'

ARTICLES

  • 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.
    Read More
  • Newfi Lending launches portfolio lending program for “difficult-to-qualify” borrowers

    Loan amounts up to $2 million and loan-to-value ratios up to 85%
    Newfi Lending, a growing mortgage lender and a portfolio company of global private equity firm Warburg Pincus, is expanding its lending platform and launching a portfolio lending program. The program, called Sequoia Portfolio Plus, will provide “exceptional flexibility for mortgage brokers and their client borrowers,” the company said in a release.
    Read More
  • DBRS: Non-QM loans to see comeback in 2018

    Lenders to create new products as refis fall
    As interest rates rise, mortgage refinances continue to fall, marking the possible beginning to a comeback in non-qualified mortgage loans, a new report from DBRS showed. But the decrease in mortgage refis isn’t the only reason DBRS is predicting an increase in non-QM loans.
    Read More
  • 3 reasons to be optimistic about the future of non-QM Loans

    These aren’t the NINJA loans of 2006
    A surging non-QM market wouldn’t just be good news for non-QM players. It’s good for everybody. The housing market desperately needs a greater diversity of mortgage products and extending credit to deserving borrowers will produce a dynamic, vibrant and more efficient marketplace.
    Read More
  • 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.
    Read More
  • From HW Magazine

    Non-QM: Moving from story-telling underwriting to mainstream loan program

    Products are being revisited, tempered by lessons learned from the past
    Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.
    Read More
  • 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.
    Read More