As soon as next week, the House could vote to approve a regulatory relief bill that already passed the Senate. Among numerous other provisions, the Economic Growth, Regulatory Relief, and Consumer Protection Act would grant qualified mortgage status to certain loans held in portfolio by smaller banks even if the mortgages would otherwise be non-QMs. Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, also said ... [Includes four briefs]

Packaging the loans into a non-agency MBS suggests that Flagstar expects better execution in the non-agency market than from delivering the mortgages to Fannie Mae or Freddie Mac.

Barry Habib, who heads MBS Highway, believe that within two years, the U.S. will be in a recession...

Originators also sold $483.13 billion of loans to unaffiliated buyers outside of the agency market…

Lenders estimated that ATR/QM added $139 per loan to their ongoing origination costs.

Starwood Property Trust, a REIT largely focused on commercial mortgages, has been stockpiling non-QMs…

New CEO George Mangiaracina said the nonbank’s servicing portfolio is serving as a counter-cyclical balance to declining originations…

Angel Oak's small-balance commercial unit employs 19 full-timers and hopes to add an additional 30...

MBS from Angel Oak Companies had the highest share of broker originations…

Redwood is set to issue its largest expanded-credit MBS ever: A $520.48 million security backed by…