Since 2015 Angel Oak has issued four MBS totaling $639.92 million…

“Rated nonprime non-qualified-mortgage transactions should broaden the investor base,” Deutsche Bank said.

Overtime pay for underwriters will remain a focus of litigation because courts are split on the issue, according to the Mortgage Bankers Association.

Quiet no longer in non-agency MBS: Credit Suisse...

Roughly 36 states and 104 state examiners participated in the coordinated mortgage exams…

According to Morningstar Credit Ratings, the weighted-average loan-to-value ratio for securitized non-QMs is 75.2 percent and the average debt-to-income ratio is 36.6 percent

Meanwhile, Redwood is working toward issuing a jumbo MBS from its “expanded prime” program…

The rating service said investors should have access to the reviewer’s findings or access to other information that would help determine if a breach should be pursued.

The goal of the collaborative: to produce research papers that will lay the groundwork for policy recommendations over the next two years…

It’s the fourth trip to the nonprime MBS well for Angel Oak…