Angel Oak Mortgage is among the nonbanks trying to sell off somewhat seasoned non-QMs that have interest rates well below prevailing rates.

Redwood Trust scaled back its jumbo business in 2022 and doesn’t have plans for a significant expansion any time soon, even with Wells Fargo’s exit from the correspondent channel.

Lodging was the only major property type to get traction in the fourth quarter.

Rising interest rates and financial volatility battered the non-QM market in 2022. This year almost has to be better by default, according to industry participants.

The DOJ continues to investigate issues involving a non-QM program Sterling Bank & Trust ended in 2019. Fallout from the program continues to cut into the bank’s profitability.

HomeXpress preps its first non-agency MBS; A&D loosens non-QM guidelines; bridge loan partnership; FoA revises second-lien reverse mortgage product.

Rising spreads brought credit-risk transfer issuance to a halt in the fourth quarter and more than halved reinsurance transactions. Still, combined Fannie and Freddie CRT deals hit a record $21.64 billion in 2022. (Includes data chart.)

Another marketplace for non-agency loans? Looks that way. But HomeLend wants to tap foreign investors that have a thirst for American mortgages.

An appeals court has awarded ResCap Liquidation Trust nearly $22 million in damages and other expenses in its case against Primary Residential Mortgage.

Issuers of structured finance products continue to increase their environmental, social and governance disclosures, according to a new survey from the Structured Finance Association.