Pete Mills of MBA said the revised policy was intended to “take some of the economics out” of serial refinancing…

Invitation Homes also has unsecured warehouse loan agreements with its sponsor…

Angel Oak competitor Citadel Servicing Corp., Irvine, CA, is planning to come to market with its first deal, a rated security that could top $160 million…

We've an opinion or two from mortgage lobbyists that Rep. Hensarling might be open to some type of government guaranty on MBS, but how he might agree to such an animal has yet to be revealed…

Originations of interest-only mortgages increased in 2016 compared with the previous year, based on volume from 12 lenders tracked by Inside Nonconforming Markets. The group originated $40.52 billion in IOs during the year, a 36.5 percent increase from the previous year. All but one of the lenders increased their IO production compared with 2015, with many posting gains higher than 50.0 percent. IOs can’t receive qualified-mortgage status ... [Includes one data chart]

China still ranked second in agency MBS investment, but Japan’s larger portfolio of non-agency MBS and ABS boosted it to second place overall.

No reason was given by Walter Investment for the resignation.

Fannie Mae and Freddie Mac executed various forms of credit-risk transfers last year that covered $548.0 billion of mortgages, a 30.4 percent increase over the amount covered by CRT activity in the previous year, according to a new report from the Federal Housing Finance Agency. The performance met the “scorecard” targets issued by their regulator. In total, the two government-sponsored enterprises transferred $17.9 billion of risk in 2016, most of it through their debt note programs. Fannie’s Connecticut Avenue Securities and Freddie’s Structured Agency Credit Risk programs accounted for 72.1 percent of risk transferred last year, the FHFA said. Reinsurance, the next biggest category, accounted...[Includes one data table]

The FHFA has been gathering feedback on front-end transactions and will take that into account when considering the structure of future CRTs…

Investors in Taiwan held $208.1 billion of agency MBS, non-agency MBS and ABS at the midway point of 2016, making it the largest overseas investor in the market, according to preliminary Treasury Department data. Taiwan increased its holdings of U.S. MBS and ABS by 9.6 percent from the midway point in 2015, a time period during which overall foreign investment was flat. Treasury releases annual estimates of U.S. MBS and ABS by individual foreign countries as of the middle of each year. The estimates include both government-related and private-sector investors domiciled in the country. Mainland China had been...[Includes one data table]