More Originators/Aggregators Set Their Sights On Securitization Opportunities

Navi Persaud

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.

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Feb 17, 2022

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