Latest news
Latest news
Non-qualified mortgage securitizer is bringing third deal of year for $424m
BINOM shelf used for latest deal
According to Bank of America, non-agency RMBS issuance for last week was around $3bn.
More articles
More articles
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Non-QM accounts for almost half of US RMBS supply so far in 2023
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Demand for non-QM is still strong as overall RMBS issuance is down
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August volumes more than 60% down as mortgage rates reach their highest level since 2001
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The spreads landed tighter than its previous deal by as much as 100bp
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Collateral is weaker than average for recent US prime jumbo deals, with lower FICO scores and higher LTVs
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Three US banks to securitize mortgages on two properties owned by TPG, Digital Realty joint venture
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Banks will speed up their sales of residential mortgages as higher capital charges make it uneconomical to hold them
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Reit plots $338.5m deal as it says new US bank capital requirements could see it take on more mortgages
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Banks, historically the biggest originators, are exiting the market after the banking crisis