RMBS

Anticipated changes to the qualified mortgage rule will give lenders more options and force them to rethink their views on risk.

There are almost 7 million coastal homes facing more than $1.6 trillion in potential storm-surge reconstruction expenses this year, representing a 6.6% cost increase from last year's hurricane season.

The borrowers behind the $401.6 million COLT 2018-2 have weighted average liquid reserves of $426,633, or nearly twice the level of borrowers backing a deal completed in January.

Home Partners of America distinguishes itself from other single-family home lessors by offering right-to-purchase options. But for the majority of properties in its new asset-backed deal – a recycling of homes pooled in its first securitization – the purchase option has been bypassed or expired.

The $1.56 billion Towd Point Mortgage Trust 2018-2 also features higher exposure to loans on investment properties, in some cases loans backed by single-family homes in more than one state.

Test your knowledge of the secondary mortgage market with this quiz of key industry abbreviations.

Affinity's NREIG unit will become OwnAmeria's preferred insurance provider; landlords who list their portfolios will be able to apply for insurance directly from the trading platform.

After originating more than $1 billion in loans outside the ability-to-repay rule's Qualified Mortgage safe harbor last year, Angel Oak is planning to originate at least twice that in 2018.

The credit characteristics of borrowers are similar to those of the insurer's previous transaction in March, with a weighted average FICO of 777, income of $243,738 and liquid reserves of $236,904.

Despite the entrance of several large players over the past several years, financing to small-time landlords is still inefficient, executives say.