Non-agency outlets are seeing a surge in the supply of non-owner-occupied loans due to caps recently placed on GSE business. Non-agency MBS issuance is expected to increase, though pricing for jumbos is also declining.

Notes backed by MSRs could become plentiful if a strategy employed by PennyMac Financial and its sister company catches fire.

The Ginnie early buyout game is still afoot with whole-loan auctions fanning the flames. But how much longer can the gravy train last?

The extension rate on loans in auto ABS declined again in February. Still, extensions are elevated compared with a year ago, just before the pandemic hit the economy.

The combined entity will be a more diversified commercial mortgage real estate investment trust, with assets expected to reach $1 billion when fully invested.

The REIT giant has a reputation for being MBS-centric. But that doesn’t mean it can’t put its toes in the MSR pond too.

In April, issuers offered $4.95 billion of prime non-agency MBS across nine deals. Meanwhile, only two expanded-credit MBS hit the market, totaling $735.58 million.

Advanced Flower Capital Gamma went public in March. The REIT provides first-lien loans to cannabis companies and it’s generating healthy returns.

Freddie Mac’s first-quarter earnings report indicates the heady days of 2020 have continued into the new year.

Should traditional warehouse financiers be worried? It seems more nonbanks are jumping on the securitization bandwagon.