The revised definition excludes from points and fees any compensation included in the interest rate and for which the consumer was separately charged.

Starwood is now directly sourcing loans from Impac and hasn’t tapped any other originators.

Loans from United Shore account for 19.0 percent of the new issuance.

In settling, Wells – the nation’s largest home lender and servicer – did not admit any liability.

SG’s Justin Mahoney estimated that lenders participating in the panel were backed by $10 billion of capital aimed at expanded-credit products…

Impac was a major contributor to the non-QM MBS with a 59.6 percent share…

Mortgages from 125 lenders will be included in the MBS, led by Quicken Loans with a 12.8 percent share…

Most of the major product categories had some slippage in the second quarter.

A handful of banks account for a large share of the loans in prime non-agency mortgage-backed securities issued since the start of 2017, according to a new ranking and analysis by Inside Nonconforming Markets. Banks were four of the top five originators of securitized prime mortgages between January 2017 and June 2018. More precisely, these banks ranked among the top known sources of collateral for these deals. In fact, the name of the originator was ... [Includes two data charts]

In a potentially significant shift, Wells Fargo has set aside $507.0 million in mortgages for inclusion in a non-agency mortgage-backed security. Wells is the top jumbo lender and some industry analysts suggest that the jumbo MBS market won’t rebound until banks like Wells stop retaining production in portfolio. Wells said loans designated as held-for-sale for a future MBS are nonconforming mortgages that would have otherwise been stored in its portfolio. Although no other details about ...