Credit enhancement levels set by the rating services play a major role in an issuer’s decision to come to market.

The Wall Street firm hunting for mortgage acquisitions is not a depository like JPMorgan Chase...

The Irvine-based Citadel continues to ramp up its staff and hopes to hire another 15 to 20 workers by the end of June.

According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.

The decline in the use of principal reduction mods is concentrated on bank portfolio loans as opposed to mortgages in non-agency MBS.

Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.

Truman Capital alleged that Nationstar backed out of the transaction after realizing that the sale price for the NPLs was lower than fair market value.

Some $4.60 billion in jumbo mortgage-backed securities were issued in the first quarter of 2015, the highest quarterly volume seen in the aftermath of the financial crisis, according to Inside Nonconforming Markets. Jumbo MBS activity has had large swings in recent years due to shifting investor appetite and volume hasn’t been anywhere near the levels seen before 2008. However, the market recovered from an unexpected increase in interest rates ... [Includes one data chart]

The 90+ day delinquency rate on second liens was 0.27 percent at December 31, just about flat compared with the previous quarter.

A little known lender called Angel Oak Mortgage Solutions hopes to fund $540 million of product this year and generate the industry’s first nonprime non-agency MBS of the “new era” with financing provided by Nomura. According to industry officials who have viewed investor materials issued by the company – a copy of which was provided to Inside MBS & ABS – Nomura has even agreed to provide “gestation repo” warehouse credit to the privately held originator. One source who claims to have knowledge of the arrangement said...