Another product with potential to expand the non-QM universe — traditionally dominated by bank-statement and debt-service-coverage ratio (DSCR) loans — is the home equity line of credit (HELOC). Today, HELOCs represent about... Read more »
Aspire’s first securitization includes 752 loans to borrowers with an average credit score of 754 and a weighted average combined loan-to-value (LTV) ratio of 69.79%. Select Portfolio Servicing will serve as servicer.... Read more »
In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players.... Read more »