| 2015 | 2014 | 2013 | |
|---|---|---|---|
| ABS (Public + 144A) | 96,757.8 | 103,692.6 | 94,407.4 |
| ABS (Public + 144A excluding CDOs) | 74,619.5 | 73,695.0 | 65,451.8 |
| ABS (Public Only) | 39,551.0 | 46,730.5 | 40,737.7 |
| ABS (144A Only) | 57,206.8 | 56,962.1 | 53,669.7 |
| Non-Agency MBS | 40,817.6 | 30,228.4 | 41,088.0 |
| Agency MBS | 44,859.1 | 67,424.0 | 97,624.5 |
| CMBS | 25,920.7 | 22,559.3 | 35,539.4 |
| 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.
