In observance of Christmas, our offices will be closing at 2:00 PM EST on Tuesday, December 24th and closed Wednesday, December 25th. Correspondents will be able to lock during the standard window on Tuesday (9AM to 9PM EST). Please contact ops@onslowbayfinancial.com with any questions. Happy Holidays!
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
Get directions
1211 Avenue of the Americas
Floor 41
New York, 10036, US
Employees at Onslow Bay Financial
Updates
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Today, Onslow Bay closed its $478.3mm non-QM transaction, OBX 2024-NQM18. This deal brings aggregate issuance to approximately $31.3 billion. This represents Onslow Bay’s final transaction of 2024. Total issuance for 2024 was $11.0bn across 21 transactions. #OnslowBay #NonQM #Securitizations
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Onslow Bay’s parent company Annaly Capital Management recently hosted its 2024 Investor Day. Deputy CIO and Head of Residential Credit Mike Fania discussed the platform value and differentiated advantages of the Onslow Bay correspondent channel and securitization platform. For those who were unable to join live, please find the replay here: https://lnkd.in/enDsYr4W #onslowbay #investorday #housing #nonQM
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Today, Onslow Bay closed its $619.3mm non-QM transaction, OBX 2024-NQM17. This deal brings aggregate issuance to approximately $30.8 billion. #OnslowBay #NonQM #Securitizations
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In observance of Thanksgiving, our offices will be closed Thursday, November 28th and will close at 2:00 PM EST on Friday, November 29th. Correspondents will be able to lock during the standard window on Friday (9AM to 9PM EST). Please contact ops@onslowbayfinancial.com with any questions. Happy Thanksgiving!
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In observance of Veterans Day, our offices will be closed Monday, November 11th. Please contact ops@onslowbayfinancial.com with any questions.
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Check out the inaugural edition of our parent company Annaly’s new periodic thought piece: Macro & Market Musings! #annaly #onslowbay #macroeconomics #markets #housing
We are thrilled to announce the release of Annaly’s new periodic thought piece: Macro & Market Musings. Each edition will provide our analysis on recent economic, market and mortgage developments. Check out the inaugural edition, which includes our thoughts on the state of the housing market: https://lnkd.in/gSPaCaTv #annaly #macroeconomics #markets #housing
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Today, Onslow Bay closed its $538.0mm non-QM transaction, OBX 2024-NQM16. This deal brings aggregate issuance to approximately $30.2 billion. #OnslowBay #NonQM #Securitizations
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Today, Onslow Bay closed its $635.8mm non-QM transaction, OBX 2024-NQM15. This deal brings aggregate issuance to approximately $29.6 billion. #OnslowBay #NonQM #Securitizations
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In observance of Columbus Day / Indigenous Peoples’ Day, our offices will be closed Monday, October 14th. Please contact ops@onslowbayfinancial.com with any questions.
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