Velocity Commercial Capital is preparing to issue its second commercial MBS of the year backed by mortgages on residential investment properties and smaller commercial properties. The issuer’s deals have experienced some delinquencies but losses have been minimal.

Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance…

Industry lobbyists believe one key legislator in favor of the Ginnie concept is House Financial Services Committee chairman Jeb Hensarling, R-TX…

Depositories held roughly 16.0 percent of outstanding ABS at the end of the third quarter…

The Angel Oak family of companies could originate more than $1.0 billion of non-QMs this year…

“Basically, David [Kittle] came to the conclusion that it just wasn’t worth the wait,” said one industry lobbyist...

Some $25.94 billion of the industry-wide increase was booked by the three largest bank MBS investors…

Come Jan. 1, rates may spike thanks to zero GSE capital...

In high-cost areas, the GSE loan limit will increase to $679,650...

Deal makers that buy and sell MSR assets said the Senate tax language could transform the mortgage business, creating leverage for aggregators...