| 2015 | 2014 | 2013 | |
|---|---|---|---|
| ABS (Public + 144A) | 69,723.2 | 70,127.9 | 69,542.1 |
| ABS (Public + 144A excluding CDOs) | 55,433.2 | 52,256.6 | 47,148.4 |
| ABS (Public Only) | 33,147.4 | 34,100.8 | 30,372.7 |
| ABS (144A Only) | 36,575.8 | 36,027.1 | 39,169.4 |
| Non-Agency MBS | 31,000.6 | 22,191.6 | 30,974.0 |
| Agency MBS | 27,330.4 | 51,397.6 | 69,383.3 |
| CMBS | 23,247.4 | 16,769.8 | 27,507.8 |
| 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.
