Deephaven expands DSCR program guidelines; Ares Management markets first non-QM MBS in over a year; A&D Mortgage introduces a partner loyalty program; Angel Oak Mortgage REIT plans $50 million debt offering.
The $2.5 billion cap for Freddie’s pilot program to buy closed-end seconds should limit impact on the non-agency secondary market. But industry players worry about the long-term risks if the pilot is successful.
John Beacham, CEO of Toorak Capital Partners, said ratings on fix-and-flip securitizations are attracting more investor interest and prompting better pricing for issuers.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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