| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 151,550.0 | 205,920.6 | 223,442.3 |
| ABS (Public + 144A excluding CDOs) | 130,159.8 | 149,430.6 | 153,512.5 |
| ABS (Public Only) | 60,144.3 | 82,048.6 | 93,210.5 |
| ABS (144A Only) | 91,405.7 | 123,872.0 | 130,231.9 |
| Non-Agency MBS | 64,282.5 | 93,678.4 | 77,318.1 |
| Agency MBS | 176,971.9 | 162,165.7 | 153,184.0 |
| CMBS | 74,144.6 | 75,017.6 | 61,355.3 |
| 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.
