Changes to Common Securitization Solutions, including being renamed U.S. Financial Technology, appear to set the company up to serve additional secondary mortgage market participants.

In September, FINRA received approval from the SEC for a plan to require one-minute reporting of many MBS and ABS trades. Now the self-regulatory organization is scuttling implementation, citing concerns from industry participants.

Bank of Hope anticipates three-year earn-back period following sale of low-yielding MBS; Figure touts strong demand for HELOC securitization; Wells transferring some non-agency MBS servicing to Shellpoint; Hooters whole-business securitization downgraded again.

Due diligence firms can use the review scope to assess seasoned residential mortgages, assigning positive grades for loans with 36 months of strong performance.

PennyMac Mortgage Investment Trust has been issuing about one prime non-agency MBS per month, stocking the deals with GSE-eligible mortgages for investment properties and second homes. Now the REIT is set to issue jumbo MBS.

Stop-advance standard for non-agency MBS under consideration; EJF Capital works with Third Coast Bank on another CRT; MISMO proposes standards for electronic HELOCs.

The Federal Reserve is allowing its MBS holdings to run off in a predictable manner; Ginnie provides more details on change to buydown policy; Cerberus affiliate issues securitization of closed-end second liens.

Amid a volatile month, Ellington Financial paused plans to issue an expanded-credit MBS and instead invested in MBS and ABS from other firms.

Non-agency securitization of home equity loans resumed its rising trajectory after slumping in the fourth quarter of 2024. Rocket was the top issuer in the first quarter, focusing on closed-end second liens. (Includes two data tables.)

Non-QM deals were on a bit of a tear until the tariff war cratered the market in mid-April. But all has returned to normal.