| 2015 | 2014 | 2013 | |
|---|---|---|---|
| ABS (Public + 144A) | 108,426.5 | 113,050.3 | 102,684.8 |
| ABS (Public + 144A excluding CDOs) | 80,797.8 | 80,614.2 | 72,249.6 |
| ABS (Public Only) | 45,776.8 | 49,780.0 | 43,887.7 |
| ABS (144A Only) | 62,650.0 | 63,270.3 | 58,797.1 |
| Non-Agency MBS | 51,621.5 | 36,932.3 | 46,069.9 |
| Agency MBS | 65,816.6 | 80,216.3 | 114,138.1 |
| CMBS | 34,574.6 | 28,991.4 | 39,241.9 |
| 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.
