Whole Loan Update 03/23/20

No need to highlight headlines here, and there’s plenty of negative things to point out, but that isn’t our role in the market.  Our role is to match buyers with sellers in good markets and bad.

Some buyers have suspended bidding and prices have softened but there are trades that are getting done. Some sectors have been more challenged (Non QM & Jumbo), than others .  We put on over a dozen trades last week and another one so far today.  95% of trades scheduled all funded last week

I don’t want to sound like my broker, that everyday brings another buying opportunity for his diversified basket of stocks and bonds but here are some things to consider. We will make it out of this and when we do, we’ll still need homes to own and to rent.  Unlike 2008 when we had bad actors throughout (NIV borrowers, neg am loans, inflated appraisals, guideline exceptions, levered and esoteric MBS structures, etc.) this time it is not the borrower nor lenders fault.  We expect the government will continue to
provide liquidity and ultimately protection/bailout.  When we get to the other side I have to believe current coupon mortgages and yields will look very attractive.
 
If you are still acquiring residential mortgage loans please let us know.  We  have available for sale, single loans to hundreds of millions of:

Non QM
                Prime Jumbo
                Re-performing (RPL)
                Non-performing (NPL)
                Scratch & Dent (S&D)
               Rental Loans
                Hard Money
                2 nd Liens
                HELOCs
  
We’re looking for buyers to match with sellers.
 
We will send out color as we gather it.  Feel free to call us and let us know what you’re hearing. It’s important to share information. Please follow social distancing guidance and stay healthy.