Assets
We rely on FIDAC's expertise in identifying assets within our target asset classes. Our Manager will make investment decisions based on various factors, including expected cash yield, relative value, risk-adjusted returns, current and projected credit fundamentals, current and projected macroeconomic considerations, current and projected supply and demand, credit and market risk concentration limits, liquidity, cost of financing and financing availability, as well as regulatory requirements.
Targeted Asset Class |
Residential Mortgage Loans
- Prime mortgage loans, which are mortgage loans that conform to the underwriting guidelines of Fannie Mae and Freddie Mac, or Agency Guidelines; and jumbo prime mortgage loans, which are mortgage loans that conform to the Agency Guidelines except as to loan size.
- Alt-A mortgage loans, which are mortgage loans that may have been originated using documentation standards that are less stringent than the documentation standards applied by certain other first lien mortgage loan purchase programs, such as the Agency Guidelines, but have one or more compensating factors such as a borrower with a strong credit or mortgage history or significant assets.
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Residential Mortgage-Backed Securities, or RMBS
- Non-Agency RMBS, including investment-grade and non-investment grade classes, including the BB-rated, B-rated and non-rated classes.
- Agency RMBS
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Collateralized Debt Obligations, or CDO’s, and Other Asset-Backed Securities, or ABS
- Debt and equity tranches of collateralized debt obligations, or CDOs.
- Commercial mortgage-backed securities or CMBS.
- Consumer and non-consumer ABS, including investment-grade and non-investment grade classes, including the BB-rated, B-rated and non-rated classes.
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