Waterfall Asset Management announced that it launched a residential mortgage conduit to focus on partnering with lenders to originate proprietary mortgage products under flow agreements. The conduit aims to purchase prime and near-prime mortgages with relatively high loan-to-value ratios. An affiliate of Caliber Home Loans is preparing to issue a $354.5 million nonprime mortgage-backed security, according to presale reports by DBRS and Fitch Ratings ... [Includes four briefs]

Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…

Another trading firm that hopes to ride the non-QM wave is RAMS Mortgage Capital…

Ellington CEO Laurence Penn: “Becoming a REIT would bring with it big benefits, such as lower effective tax rates..."

A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded the sector’s rise…

Several months ago, rumors began to surface that Pacific Union might be for sale...

Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”

About 41 percent of Impac's volume now entails non-QM lending...

UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...

Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...