In Georgia, investors who hold mortgages set for quick securitization will be exempted from the licensing requirements if they hold the loans for 14 or fewer days.

The $141 million deal was oversubscribed with interest from both new and repeat investors.

The new complaint against the NCSLT builds on a recent court ruling affirming that the CFPB has regulatory powers over ABS trusts.

Four rated HEI securitizations have been issued since Morningstar DBRS began assessing the deals in October.

New jumbo, expanded-credit and home equity loan securitizations were announced over the last two weeks. The largest offerings are two jumbo MBS from JPMorgan Chase.

Achieve Home Loans is expected to close a $170.1 million HELOC MBS later this month.

Noncore products going into GSE securitizations saw less drop off than core products in the first quarter. (Includes data table.)

A variety of non-QM mortgage-backed securities hit the market in the first two weeks of April, including a $404.3 million jumbo deal from Redwood Trust.

A total of 11 new MBS hit the market in the past two weeks. Chase accounted for four of the deals, with two jumbo offerings, an investment property loan securitization in partnership with Visio-Beach Point Mortgage Trust and a securitization of closed-end second liens.

A challenging market for fix-and-flip homes has led more investors to seek financing on their projects.