Timothy Zimmerman, president and CEO of Standard Bank, said he’s bothered by too small a percentage of lenders making loans outside the QM parameters.

REITs have seen mixed results in the past year when aggregating jumbos for MBS and buying a subordinate portion of the securities.

Redwood Trust ranked second in terms of issuance for the third quarter, pricing $636.0 million in jumbo MBS.

Varde has been looking for an investment in the non-QM space for the past year and finally found Deephaven. “They’ve approached others as well,” one source told IMFnews.

Deephaven founder Matt Nichols isn’t ready to provide details on the subprime lender's game strategy quite yet...

The $17 million reserve will be booked as part of Walter's third quarter earnings.

Banks were the top nine jumbo lenders, led by Wells Fargo with $41.49 billion in originations, accounting for a healthy 15.8 percent of all jumbo lending.

However, the CFPB official said the no-action letters would not give a requesting entity an exemption from complying with any statutory or regulatory rules.

Along with the news of a larger repo facility, some executive changes have occurred as well.

The Community Home Lenders Association has asked new HUD secretary Julian Castro for a “meaningful reduction” in the FHA’s annual premiums…