A working group at the National Association of Insurance Commissioners proposed harsh treatment of multi-collateral structured credit investments at insurance companies.

A growing non-QM MBS sector might be hamstrung by a lack of uniform underwriting and a variety of smaller originators.

The trade group envisions a modern records retrieval system that eliminates the need to move the loan documents associated with mortgages that collateralize both agency MBS and non-agency MBS.

Closed-end seconds remained the most common type of home equity loans for securitization in the second quarter, accounting for 50.5% of issuance.

Insurance companies continue to grow their residential whole-loan portfolios as they look to diversify investments.

Ginnie Mae has revised guidance to clarify that re-performing loans could season while on a three-month trial payment plan of a standalone partial claim.

Adoption of AI in underwriting could significantly reduce refinancing costs for small loans, eroding the prepayment protection low-loan balances have typically provided.

Annaly Capital Management’s Onslow Bay, the top-ranked issuer of expanded-credit mortgage-backed securities in the second quarter, issued $3.82 billion of expanded-credit MBS, down 8.3% from the first quarter.

Issuance of expanded-credit mortgages declined by 4.8% on a quarterly basis in the second quarter, with purchase-mortgage volume down. (Includes three data charts.)

Angel Oak Capital Advisors believes that a recent rise in interest rate volatility could help increase returns for MBS.