PHH Mortgage remained the predominant IO lender with $3.43 billion during 3Q15, but the firm’s volume fell 16.9 percent on a sequential basis.

The Two Harbor deal ends a span of 31 days without a presale report for a new non-agency security.

Jordan lends in roughly 45 states and its loans have an average life of about eight months. The nonbank extends credit at rates of 10 to 12 percent.

Nine firms issued jumbo MBS in 2015 and JPMorgan Chase was the top issuer for the second year in a row.

“There is no policy rationale for the federal government to continue to subsidize the portion of mortgages that exceed $500,000,” said Sheila Crowley, NLIHC’s president and CEO.

A strong first half of 2015 helped the issuance of jumbo mortgage-backed securities top the volume seen in 2014, according to a new analysis by Inside Nonconforming Markets. But as the year progressed, issuance slowed and industry analysts don’t expect much of an increase in volume in 2016. Some $12.08 billion in jumbo MBS were issued in 2015, up 25.4 percent compared with 2014 but not enough to match the $13.12 billion in 2013 issuance. And jumbo MBS activity ... [Includes one data chart]

Nationstar Mortgage is laying the ground work for a huge debt sale. But what will it use the money for?

Eric Morgenson, a sales manager at Angel Oak, said the lender’s main concern involves New York's foreclosure timelines

The biggest mortgage story of 2015? How about origination volumes being a lot better than anyone dreamed of?

Angel Oak Capital Advisors issued a nonprime mortgage-backed security on Dec. 17 tied to loans with an unpaid principal balance of $150.35 million. It was the fourth – and largest – nonprime MBS issued in 2015. Angel Oak Mortgage Trust 2015-1 included a $120.28 million senior tranche, a $15.04 million mezzanine tranche and two subordinate tranches totaling $15.04 million. The deal was issued by Angel Oak’s Greenleaf Income Trust II and was not rated. Officials at Angel Oak said ...