As Investors Reach For Yield, Non-Qualified Loan Offering Pushed UpMark Melin
Ellington Financial’s ramping up its timeline for its first securitization of loan securities that don’t meet the Consumer Financial Protection Bureau’s “qualified mortgage” guidelines – in other words, risky subprime assets – is, in part, endemic of a market environment starved for yield. The Ellington Financial non-qualified loan offering packaging, which may not get rated, is a benchmark in a yield-starved world.
Ellington Financial moves up loan package offering, amid "strong appetite" for yield with . . .
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