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Places negative rating on proposed sale of wholesale origination assets to The Loan Store.
But it does not expect the resurgence of Non-QM loans to result in an 'extensive deterioration in performance' similar to 2008.
The notes are supported by 910 loans with a UPB of approximately $420.7 million acquired by Annaly Capital Management.
The residential mortgage-backed certificates are supported by 796 loans with a balance of $330.37 million.
The RMBS certificates are supported by 974 loans with a balance of approximately $364.84 million.
The certificates are supported by 796 loans with a balance of $330.37 million.