Pacific Investment Management Co. over the past few weeks has been gobbling up large portfolios of reperforming mortgage loans, winning auctions by accepting lower returns.

New York Attorney General Eric Schneiderman this week announced a $500 million settlement with Royal Bank of Scotland to resolve allegations of misconduct in the sale and issuance of non-agency MBS leading up to the 2008 financial crisis.

The White House this spring is expected to officially nominate Michael Bright, acting president of Ginnie Mae, to formally become the agency’s chief, according to industry officials

A new report from the Federal Reserve Bank of New York says the credit-risk transfer programs launched by Fannie Mae and Freddie Mac a few years ago have helped stabilize the mortgage securities market.

Higher mortgage interest rates are squashing the refinance sector…

Six lenders were deemed by BRAWL to be true partners, including Plaza Home Mortgage and United Wholesale Mortgage…

The Federal Reserve has a name for the credit quality of nonbanks: junk.

Issuance of non-agency mortgage-backed securities backed by non-qualified mortgages could triple this year, according to Jeremy Schneider, a senior director at S&P Global Ratings. According to Inside Nonconforming Markets, $4.08 billion of expanded credit non-agency MBS was issued in 2017, with non-QMs accounting for a large share of the issuance. Schneider and other industry participants discussed non-QMs at the SFIG Vegas conference produced by Information ...

Issuance of jumbo mortgage-backed securities flourished at the start of the year, prompting projections that volume could double compared with 2017, but the market isn’t expected to grow to anywhere near pre-crisis levels. Baron Silverstein, a managing director at Bank of America Merrill Lynch, said he expects to see more issuers enter the maket and that issuance could hit $20.0 billion this year. He was speaking at the SFIG Vegas conference produced by Information Management Network and ...

After issuing two jumbo mortgage-backed securities in 2017 on a shelf created by Credit Suisse, an affiliate of AIG Asset Management is launching a deal on its own. Pearl Street Mortgage Company 2018-1 looks a lot like previous AIG deals save for the change in shelf registration. However, the planned $446.17 million issuance will have somewhat higher credit enhancement on the senior tranche than the other MBS. The new issuance received preliminary AAA ratings from Fitch Ratings and ...