Merrill Lynch has agreed to pay more than $15 million to resolve allegations that its traders misled investors into overpaying for residential MBS. In other legal stories, a monoline insurer sued a trustee over the settlement amount in an RMBS repurchase case while another group of MBS trustees defeated a class-certification motion in California state court.

The possibility of issuer failure is a continuing concern at Ginnie Mae…

Mortgage lenders started diverting high-balance GSE-eligible loans into non-agency MBS last year…

One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”

KBRA assigned preliminary AAA ratings to the MBS with credit enhancement of 6.00 percent on the senior tranche.

The Trump blueprint would remove the federal charter from statute and fully privatize the government-sponsored enterprises.

The non-QM MBS also includes loans originated by unaffiliated lenders, including Sterling Bank & Trust…

The delinquencies on the MIAC package total 5.3 percent…

Consultant Joshua Rosner of Graham-Fisher said the letter is significant because it marks the first time that the ICBA has joined with civil rights groups and housing organizations on a GSE-related matter.

At least two foreign-based investment banks are ready to enter the non-QM market...