Today, Onslow Bay closed its $482.5mm non-QM transaction, OBX 2024-NQM10. This deal brings aggregate issuance to approximately $26.3 billion. #OnslowBay #NonQM #Securitizations
Onslow Bay Financial
Financial Services
Long-term residential mortgage investor with access to permanent capital
About us
Onslow Bay Financial LLC (“Onslow Bay”) is a mortgage aggregator that buys closed, funded residential whole loans directly from correspondents. Onslow Bay is a wholly owned subsidiary of Annaly Capital Management, Inc. and has been active in acquiring residential whole loans since 2016. The Company’s ongoing commitment to the organic creation of residential credit assets differentiates it from others in the space. Onslow Bay purchases closed, funded, performing residential loans made to mortgagors with stable incomes and employment histories. Onslow Bay is not an originator and does not directly service residential whole loans or seek to sell other products/servicers to borrowers. Onslow Bay values its correspondent partnerships and does not source loans through wholesale. Onslow Bay’s expanded credit programs provide financing to many underserved borrowers across the country. In addition to being a HUD approved Investing Mortgagee, Onslow Bay currently holds the requisite state mortgage finance licenses, registrations, or exemptions (collectively, the “mortgage related approvals”) to purchase and own servicing across residential whole loans in all 50 states and the District of Columbia.
- Website
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http://onslowbayfinancial.com
External link for Onslow Bay Financial
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- New York
- Type
- Privately Held
- Founded
- 2013
Locations
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Primary
1211 Avenue of the Americas
Floor 41
New York, 10036, US
Employees at Onslow Bay Financial
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Michael Wold
Managing Director at Annaly Capital Management
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Shane Beesinger
VP- Business Development at Annaly-Onslow Bay Financial
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Meghan (Murnane) Bruen, CFA
Director at Annaly Capital Management
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Emma Swertfager (Company Account)
Human Capital Associate at Annaly Capital Management
Updates
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In observance of Independence Day, our offices will be closing at 2PM EST on Wednesday, July 3rd and will be closed Thursday, July 4th. We will accept rate locks until 9PM EST on July 3rd and will resume accepting locks on July 5th. Please contact ops@onslowbayfinancial.com with any questions.
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In observance of Juneteenth, our offices will be closed Wednesday, June 19th. Our offices will reopen Thursday, June 20th. Please contact ops@onslowbayfinancial.com with any questions.
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Onslow Bay is pleased to announce that we will be accepting 1st Lien HELOCs beginning June 10th. We encourage you to learn more about our loan programs on our website: https://lnkd.in/ejY8kwHe. Please reach out to ops@onslowbayfinancial.com or your respective sales coverage for additional information or any questions.
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Today, Onslow Bay closed its $723.1mm non-QM transaction, OBX 2024-NQM8. This is our largest deal to date and brings aggregate issuance to approximately $25.3 billion. #OnslowBay #NonQM #Securitizations
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In observance of Memorial Day, our offices will be closing early on Friday, May 24th at 2PM, but will be accepting locks until 9PM, and will be closed on Monday, May 27th. Please contact ops@onslowbayfinancial.com with any questions.
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Today, Onslow Bay closed its $551.8mm non-QM transaction, OBX 2024-NQM7. This deal brings aggregate issuance to approximately $24.6 billion. #OnslowBay #NonQM #Securitizations
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Onslow Bay Financial reposted this
Check out this job at Onslow Bay Financial: Whole Loan/MSR Operations Analyst, Mortgage Operations
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Onslow Bay is excited to welcome Colin Smith to our Business Development team where he will be responsible for supporting the Regional Sales staff. Colin has previously held positions with Morgan Stanley and Fannie Mae. Please reach out to sales@onslowbayfinancial.com for more information about our Program Offerings and learn more about Onslow Bay Financial at https://lnkd.in/eUQUEAd.
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Effective April 12th, Onslow Bay has made the following changes to our Closed End Second Lien Program Underwriting Guidelines & our HELOC Underwriting Guidelines. Please reach out to ops@onslowbayfinancial.com with any questions and find additional details on our programs at https://lnkd.in/ejY8kwHe. #onslowbay #mortgagelending