More Originators/Aggregators Set Their Sights On Securitization Opportunities

Director of Events

Feb 17, 2022

Fitch Ratings added six originators/aggregators to its coverage over the past quarter, which Fitch believes, is as a result of more originators and aggregators turning to securitization opportunities.

Fitch Ratings' latest additions to its coverage include A&D Mortgage and Angelo Gordon, two companies specializing in non-QM loans. Additionally, Binomial Real Estate, Cardinal Financial Company, NYMT, and Triad Financial Services were also added to Fitch's lineup.

“The new adds to Fitch’s coverage reflect continued broad-based interest across RMBS sectors -- coming against the backdrop of originators adjusting their product and delivery focus amidst higher mortgage rates and GSE loan-level price adjustments,” according to Fitch.

Due to the possibility of higher loan-level price adjustments, Fitch anticipates second home and high-balance mortgage loans to redirect towards private-label securities. Rate hikes have also caused mortgage originators to gain more interest in non-QM loans, which could also result in increased RMBS securitization activity.

Fitch also updated its reviews of a number of active entities, including Angel Oak, Annaly, Chimera, Fannie Mae, freedom, HomeXpress, Impac, Invictus, Maxex, Penny Mac, and Wells Fargo.

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

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Published

Feb 17, 2022

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