Record issuance of non-QM securities in the first quarter

Among the recent transactions was JPMorgan Chase’s first non-QM issuance. The deal is for $440.5 million, with 542 loans that have an average credit score of 772 and an average loan-to-value ratio of 72%; most of the loans were classified as non-QM because they were underwritten using tax transcripts rather than signed tax returns.

On the heels of a record-breaking performance in 2018, Angel Oak Companies (encompassing Angel Oak Home Loans LLC and Angel Oak Mortgage Solutions LLC) continued to set the standard in the nonqualified mortgage marketplace during the first quarter of 2019, originating a record $563 million. This represents an astounding 82% increase over non-QM originations in Q1 2018, which had previously set.

Angel Oak’s two securitizations in the first quarter of 2019 total $1.23 billion, already surpassing the total amount issued by the firm in all of 2018. This is Angel Oak’s 10th non-QM securitization, with a total issuance amount that now exceeds $3.2 billion.

Card@Once ® Experienced Best Quarter on Record in Q4 2018 CPI Card Group Inc. Prepaid and Instant Issuance for CPI Card Group. “We were the first to market a SaaS-based instant issuance solution.

The size of our deals through the first three months of 2019 demonstrates our leadership in non-QM and the strong investor support that has followed," said Sreeni Prabhu, Angel Oak co-CEO and.

Downsizing and servicing offset lower volume at Impac Mortgage Freddie Mac trims 2019 origination estimate but could rethink the move Mortgage applications rise as lower rates draw buyers into the market Mortgage applications rise as lower rates draw buyers into the market An increase in purchase activity drove the week-over-week rise in mortgage application volume as homebuyers entered the market while interest rates fell, according to the mortgage bankers association..fed officials estimate the 6.5 percent unemployment threshold could be reached by the end of next year. as of July 11 from 3.51 percent two months ago, according to Freddie mac. consumer spending.mba newslink friday 5-11-18 | Mortgage Bankers Association – Downsizing and Servicing Offset Lower Volume at Impac Mortgage. National Mortgage News, May 10, 2018–bonnie sinnock (subscription) impac Mortgage Holdings Inc. generated almost $4 million in net income during the first quarter as it continued to downsize to adjust for origination declines and benefited from servicing gains.

Record issuance of non-QM securities in the first quarter Non-qualified mortgage-backed securities record issuance in the first quarter puts it on pace to top full-year volume predictions, according to a Keefe, Bruyette & Woods report.

Record issuance of non-QM securities in the first quarter Non-qualified mortgage-backed securities record issuance in the first quarter puts it on pace to top full-year volume predictions, according to Keefe, Bruyette & Woods.

SIFMA approves changes to allow forward delivery of loans for UMBS SIFMA | Asset Securitization Report – SIFMA approves changes to allow forward delivery of loans for UMBS The Securities Industry and Financial Markets Association approved changes to its good delivery guidelines that ease the path to the government-sponsored enterprises issuing uniform mortgage-backed securities starting on June 3.FinLocker makes moves to support loan data management FinLocker provides a secure financial data and analytics platform and works with mortgage lenders to reduce borrower frustrations and lender costs associated in getting a mortgage approved as fast as possible, while increasing certainty for investors. FinLocker accomplishes this by electronically capturing and analyzing borrower data such as employment, income, assets, credit, and other.

The $1.16bn ARRW 2018-1 (WAMCO) transaction priced, bringing issuance of non-QM RMBS YTD to. was lackluster in the first quarter. We have some second-tier numbers out: April NFIB Small Business.

SPS grew its servicing rights 14% by targeting nonagency market Non-Agency Securities & Call Rights – During the third quarter, New Residential continued to accelerate the execution around its deal collapse strategy by executing clean-up calls on 43 seasoned, Non-Agency RMBS deals with an aggregate UPB of $948 million.

Non-QM RMBS issuance also climbed in the first quarter, as several first-time issuers launched transactions.

Issuance of expanded-credit mortgage-backed securities hit .97 billion in the first quarter of 2019, a record for the sector. It also topped prime non-agency MBS volume for the third consecutive quarter.

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