Deal volumes in the non-agency MBS market are elevated as issuers work to meet investor demand. Angel Oak, Chase and Invictus are bringing large deals and more issuance is in the pipeline.

Noting that not a single SEC-registered non-agency MBS has been issued since disclosure requirements were tightened in 2014, the regulator is planning to revisit the standards.

Citadel Servicing, which played a key role in the rebirth of nonprime lending this decade, will have new owners soon. But will the firm finally tap the securitization market? Stay tuned.

Non-agency MBS issuers are focusing on deals backed by a single product, because they are a better gauge of prepayment speeds.

Some investors prefer buying non-agency mortgages via whole loan transactions rather than stocked in MBS. Whole loans offer better yields and more loan information.

Market participants are finding it difficult to move away from LIBOR in the absence of an alternative rate and because of document-related issues.

Issuers and investors in the securities market are divided on what exactly should be done with the qualified mortgage “patch.”

Switching from LIBOR to another reference rate looks to be difficult for vintage non-agency MBS. Adopting a replacement rate will require significant communication and cooperation among investors.

A class-action lawsuit against the issuer of a credit card ABS has the potential to eliminate the preemption banks rely on when contributing assets to MBS and ABS.

Investors in interest-only tranches of Countrywide MBS are seeking to change the way payments are calculated.