| 2015 | 2014 | 2013 | |
|---|---|---|---|
| ABS (Public + 144A) | 63,103.8 | 61,492.9 | 60,132.1 |
| ABS (Public + 144A excluding CDOs) | 49,760.6 | 46,055.5 | 42,208.4 |
| ABS (Public Only) | 30,190.5 | 30,490.8 | 26,772.7 |
| ABS (144A Only) | 32,913.3 | 31,002.0 | 33,359.5 |
| Non-Agency MBS | 29,203.5 | 20,662.9 | 28,751.4 |
| Agency MBS | 18,983.8 | 46,849.1 | 65,281.5 |
| CMBS | 21,750.3 | 16,141.5 | 25,567.7 |
| Source: Thomson Reuters | |||
The A1 VFN tranche is a variable funding note whose proceeds can be used for general corporate purposes, including acquisitions.
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.
