| 2015 | 2014 | 2013 | |
|---|---|---|---|
| ABS (Public + 144A) | 101,846.6 | 107,361.2 | 96,446.7 |
| ABS (Public + 144A excluding CDOs) | 76,905.4 | 77,363.6 | 67,491.0 |
| ABS (Public Only) | 42,736.9 | 47,980.4 | 41,237.7 |
| ABS (144A Only) | 59,109.7 | 59,380.8 | 55,209.0 |
| Non-Agency MBS | 49,706.2 | 30,228.4 | 44,320.5 |
| Agency MBS | 44,859.1 | 80,216.3 | 114,138.1 |
| CMBS | 33,799.4 | 22,559.3 | 38,736.9 |
| 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.
