All of the loans in the new security were originated by Spring EQ, a Philadelphia-based lender co-founded by former New Penn CEO Jerry Schiano...

Among the top 50 nonbank sellers in 2020, six companies have increased their GSE sales more than tenfold: CrossCountry Mortgage, Better.com, Everett Financial, Draper and Kramer, NFM and PRMG.

Like many companies in the sector, Capital Senior Living has been deeply impacted by the pandemic. The company posted a $215 million loss in the third quarter, $191 million of which it attributed to the transfer of these properties to Fannie.

Through the first three quarters of 2019, Sachem has earned $6.6 million.

Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.

In addition, the language includes a 365-day requirement, which essentially extends the short-term cash flow analysis.

Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share...

The Micro Mortgage allows DTI ratios up to 50% and LTV ratios as high as 105%. Still, the interest rate on the loan has prompted limited demand...

David Rosenblum, a partner in the firm, said Prophet has “an appetite for billions more.”

The nonbank is also working on an IPO...