| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 147,559.7 | 202,177.0 | 216,262.8 |
| ABS (Public + 144A excluding CDOs) | 128,371.6 | 146,453.2 | 149,004.8 |
| ABS (Public Only) | 60,144.3 | 80,197.3 | 88,988.4 |
| ABS (144A Only) | 87,415.3 | 121,979.7 | 127,274.4 |
| Non-Agency MBS | 61,482.2 | 93,299.6 | 76,381.9 |
| Agency MBS | 153,392.1 | 147,198.1 | 139,287.8 |
| CMBS | 70,124.1 | 74,908.1 | 61,000.3 |
| 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.
