To date, the revival in the new “subprime” mortgage market has been driven exclusively by nonbank originators and aggregators, but now there’s a depository in the pond: Reliant Ban-corp, Brentwood, TN.

The Federal Reserve lost its top ranking among residential MBS investors during the fourth quarter of 2018, giving way to the commercial banking sector, according to a new In-side MBS & ABS analysis. [Includes three data charts.]

GSE Reform Hearings, Already?; The UMBS is Coming; NAR Pushes ‘Utility’ Plan…

Disclosures to investors in post-crisis non-agency MBS regarding potential breaches of representations and warranties have been inadequate, according to Moody’s Investors Service.

The New York State Court of Appeals on Feb. 15 issued mixed rulings on two claims brought by a trustee against a seller and sponsor of three residential MBS trusts.

Non-QM Paper; The Return of Nicholas Smith...

The market for nonprime MBS is hot as issuers bring larger deals to meet demand from investors.

The overall mortgage securitization rate fell slightly in 2018, with 70.0% of home loans originated in the primary market ending up in MBS pools, according to an Inside MBS & ABS analysis. [Includes one data chart.]

Kroll Bond Rating Agency is optimistic about ABS backed by marketplace consumer loans in 2019, expecting relatively low credit risk.

Elliott Management Corp., considered one of the largest activist funds in the world, is eyeing non-qualified mortgage securitizer Deephaven Mortgage for a possible acquisition, sources familiar with the matter told Inside MBS & ABS.