| 2015 | 2014 | 2013 | |
|---|---|---|---|
| ABS (Public + 144A) | 86,463.5 | 95,423.7 | 86,362.9 |
| ABS (Public + 144A excluding CDOs) | 64,909.5 | 69,117.8 | 59,530.2 |
| ABS (Public Only) | 36,831.4 | 43,419.5 | 35,281.4 |
| ABS (144A Only) | 49,632.1 | 52,004.2 | 51,081.4 |
| Non-Agency MBS | 36,507.6 | 30,072.5 | 37,259.6 |
| Agency MBS | 44,859.1 | 67,424.0 | 88,057.7 |
| CMBS | 25,920.7 | 22,403.4 | 32,097.5 |
| Source: Thomson Reuters | |||
An array of unnamed originators accounted for the large majority of originators in the pool, 89.3%, the rating agencies said, while Hometown Equity Mortgage originated 10.7% of the pool.
PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses.
Economic uncertainty weighed on risk appetite, but the current performance of the non-QM market is "durable," Angel Oak leaders said in an earnings call.
Kapitus funds receivables through two revolving securitizations totaling $575 million, and a $230.1 million warehouse line of credit from Truist, which matures in June 2027.
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
PRET 2026-RPL2 uses a sequential repayment structure, although the notes will not advance any principal and interest from delinquent loans.
