Delinquencies have hampered performance in newer vintage prime non-agency MBS.

ABS receive no-action relief on Rule 15c2-11 reporting; Ellington Management Group to securitize closed-end second liens.

Radian’s foray into the securitization business is more than just a passing fancy. The mortgage insurance company is considering branching out beyond prime jumbos.

The student loan ABS trusts and two industry trade groups have filed separate petitions asking the Supreme Court to review the case.

MBS investors have largely been unscathed from rising delinquencies on non-QMs thanks to cures and structural protections. 

Valverde leaving Ginnie; Cherry Hill ditches Middleman; mortgage rate futures planned; strong master servicer ranking for Computershare; new ETF with MBS; SFA appoints new global head of advocacy.

October was the busiest month of the year for non-agency MBS issuance. Activity has been limited thus far in November, though there are plenty of deals in the pipeline.

Plenty of non-QMs are for sale as the year draws to a close, including a $211 million package of mortgages with an average yield of 8.024%.

Two new unrated RTL securitizations were issued in the past couple of weeks despite growing investor interest in rated deals.

Improved execution is prompting some issuers to stock non-agency MBS with agency-eligible investment property loans.