The new security also will include mortgages originated by Sterling Bank & Trust…

What Stevens describes sounds like something a trade group might want to do...

Annaly Capital Management remained the top REIT MBS investor despite an 0.8 percent drop in its portfolio.

In 2014, FB Financial began retaining more of its servicing rights and now has a $4.0 billion portfolio.

Fannie Mae and Freddie Mac introduced the IDR program back in February as the final piece to the representation-and-warranties framework.

Real estate investment trusts that specialize in residential MBS posted a slight increase in their agency MBS holdings during the second quarter of 2016, along with a drop in non-agency MBS. The 16 publicly traded mortgage REITs tracked by Inside MBS & ABS had a combined residential MBS portfolio of $234.65 billion at the end of June, a gain of 0.9 percent from the previous quarter. However, 11 of the institutions reported declining balances, including the two largest REITs at the top of the ranking. Two Harbors Investment reported...[Includes one data table]

Over the past week, two nonprime MBS deals came to light: a $138.89 million bond issued by Deephaven Residential Mortgage Trust and a $119.38 million security from Angel Oak Real Estate Investment Trust. Both deals were private placements backed by newly originated mortgages and underwritten by Wall Street veterans Credit Suisse and Nomura Securities. Although both were publicized this week, the transactions – which were not rated – closed...

The Federal Housing Finance Agency revealed details this week on a new high loan-to-value streamlined refinance option for Fannie Mae and Freddie Mac mortgages that will replace the Home Affordable Refinance Program. HARP was due to sunset at the end of this year, but the FHFA extended it until Sept. 30, 2017, with the new alternative beginning immediately after. The as-yet-unnamed option is...

One of the fastest-growing top-10 originators, loanDepot, this month came to market with a $150 million debt financing deal that portends good things for other firms looking to raise capital in a tough stock market. “The cost of money has really come down for nonbanks,” said consultant Paul Hindman. The privately held loanDepot disclosed...

In a somewhat uncommon occurrence, four law firms published a position paper late last week aimed at helping industry participants comply with pending risk-retention requirements for new commercial MBS. The paper was written by attorneys at Cadwalader, Wickersham & Taft; Dechert; Orrick, Herrington & Sutcliffe; and Sidley Austin. “The paper was authored...