Angel Oak, a big player in the non-QM market, sees better days ahead, with securitzations leading the way. Fundings at the firm are nearing pre-pandemic levels.

Issuers of expanded-credit MBS haven’t been able to stock deals with new production while one of the largest post-2010 prime non-agency MBS hit the market this week.

When Wall Street lines up to lend you money, that’s a good thing. Figure has a new LOC from JPM and is planning its first MBS deal.

The New York Supreme Court recently ruled in favor of the plaintiff in a decade-plus-old case against Credit Suisse tied to legacy non-agency MBS.

The MBS market can expect a push from increased availability of mortgages and improvements to ABS performance.

More non-agency originations, lower market share of non-QMs and securitization of riskier loans are likely consequences of the CFPB’s new QM standards.

Hard-money servicer FCI is looking for more MBS assignments and is hopeful about 2021. Meanwhile: concerns over bids in the scratch-and-dent market?

Issuance of rated non-agency MBS and ABS rose significantly during the third quarter, although both markets continued to lag behind 2019 on year-to-date volume. (Includes two data charts.)

Speakers at this year’s ABS East conference — held online — focused on how the coronavirus impacted assets and the outlook for 2021.

Investors helped nonbank servicers with their advancing obligations for delinquent mortgages this year, but the outlook is murky.