Average DTI ratios on prime non-agency MBS range from 30.0 percent to 33.0 percent in any given quarter.

While the market for nonprime MBS was relatively strong during the first quarter, Moody’s said some investors have shied away from the sector.

John Getchis, senior vice president at Ginnie Mae, said he does not think the churning trend will continue…

Nationstar is handling the servicing chores on most of the loans, with Ocwen Financial taking a 2.60 percent share.

Of course the bigger question is this: what role, if any, will the Fed play in deciding the future of Fannie and Freddie?

Affiliates of Bayview Asset Management will package more than 3,000 seasoned mortgages into Koitere Fund Trust 2017-SPL3 and Bayview Opportunity Master Fund IVa Trust 2017-LL1.

After some tightening in the fourth quarter of 2016, issuers of prime non-agency mortgage-backed securities in the first quarter of 2017 largely returned to the underwriting standards typically seen in the sector, according to an analysis by Inside Nonconforming Markets. Some $2.60 billion of prime non-agency MBS was issued during the quarter, spread across six deals, including a $1.03 billion issuance by JPMorgan Chase. Underwriting ... [Includes two data charts]

Deephaven Mortgage is preparing to issue a $221.14 million nonprime mortgage-backed security, according to a presale report from S&P Global Ratings. The majority of mortgages in the deal were originated by Angel Oak Mortgage Solutions, a firm that has issued nonprime MBS on its own. While loans from 43 lenders will be included in Deephaven Residential Mortgage Trust 2017-1, Angel Oak accounts for 59.6 percent of the contributions. The other correspondent ...

Issuance of mortgage-backed securities backed by newly originated nonprime mortgages increased in the first quarter of 2017, according to Inside Nonconforming Markets. An estimated $411.36 million in nonprime MBS was issued during the quarter, a 23.2 percent increase from the previous quarter. And no nonprime MBS was issued during the first quarter of 2016. Issuance in the first quarter of this year marked the second best quarter for volume since nonprime MBS activity ...

Flagstar Bancorp announced that it’s set to acquire certain assets of Opes Advisors, including the nonbank’s origination unit. Opes focuses on purchase mortgages on the west coast through the retail channel. Opes was the 39th-ranked jumbo lender in 2015, with $1.02 billion in jumbo originations, according to an Inside Nonconforming Markets analysis of data from the Home Mortgage Disclosure Act. Jumbos accounted for 40.6 percent ... [Includes three briefs]