In 2016, a mere $42.93 billion of non-agency MBS were issued, down 32.5 percent from the previous year, according to a new Inside MBS & ABS ranking and analysis. It was the second-lowest annual output since 2012. The picture would look a bit brighter if Fannie Mae and Freddie Mac credit-risk transfer deals were included, as well as single-family rental securitizations, which both compete for the investors that might be interested in non-agency MBS. But the government-sponsored enterprise CRT deals are debt issues and they couldn’t be any more “agency,” while the SFR securitizations look a lot more like commercial MBS than residential MBS. The prime jumbo market hit...[Includes three data tables]

Oddly enough, the nonprime space showed some signs of life last year and hopes are high for 2017 as well…

In addition to crowdfunded hard-money loans, Zeus offers traditional forward and reverse mortgages.

In 2016, Caliber issued three non-agency MBS deals that included prime-quality and jumbo loans, often made to borrowers described in ratings’ reports as consumers with “unblemished” credit.

LendSure is licensed in 12 states, with approvals pending in seven more…

Some 30 percent of jumbo application denials were tied to debt-to-income ratios, compared to 15 percent for all loan types.

Some $1.57 billion in prime non-agency MBS were issued in the fourth quarter, down 61.3 percent…

In 2016, the non-agency MBS market was a dud…

It looks like Redwood Trust will be the first out the door with a jumbo security in 2017. Who’s next?

With two of the nation’s largest originators of nonprime and non-qualified mortgages hoping for a record production year in 2017, the mostly anemic securitization market for these types of credits could receive a real boost. But the big question remains: how much will the two firms – Angel Oak Mortgage Solutions and Citadel Servicing Corp. – tap the MBS market? In 2016, the Irvine, CA-based Citadel funded...