Citadel Servicing’s foray into securitizing home loans that don’t meet the qualified-mortgage test is now slated for some time in March, after multiple delays, according to sources familiar with the company’s operations. The nonbank’s first nonprime deal is expected to be roughly $150 million.

Better Mortgage will use a borrower’s average Airbnb earnings from the last 24 months...

In recent years, only two other banks have issued jumbo MBS: JPMorgan Chase and Flagstar...

However, there is no companion legislation in the Senate...

Complaints by active-duty and retired U.S. military personnel about their mortgages rose in many categories tracked, both on a quarterly basis and on an annual basis, according to a new analysis and ranking by Inside the CFPB. Overall, they are definitely trending up. For instance, complaints by service members about all mortgage products in general rose from 582 incidents in the fourth quarter of 2016 to 739 in the fourth quarter of 2017, but they fell from a total of 741 in the third quarter of last year. The increase was a little more consistent when particular mortgage products were segregated out from the aggregate data. For instance, gripes about conventional mortgages rose from 218 in 4Q16 to 334 [with charts] ...

The MBS will include credit enhancement of 10.0 percent on the senior tranche, similar to other expanded-prime MBS from Redwood.

It was the GSEs’ weakest monthly output since May 2017…

Citadel is working on its first MBS deal…

However, at the markup, the bill was amended to limit the types of mortgages that will receive QM status.

Flagstar contributed $1.02 billion to jumbo MBS last year, or 9.4 percent of the total market…