Bob Behal, a principal and co-head of ABS and commercial MBS investments at Vanguard Group, said liquidity in the market is fair.

Why short Altisource? This source reasons that as real estate values continue to improve and foreclosures slow, Altisource will have less to do going forward...

SIFMA did not take a stance on whether g-fees should be adjusted up or down. Instead, the trade group stressed that it is unclear how a change to g-fees would impact non-agency activity.

On its stated-income product, Homewood requires a minimum of three months of bank statements for both business and personal assets.

Purchase-mortgage originations jumped 44.3 percent from the first quarter of 2014 to the second quarter, according to a new Inside Mortgage Finance analysis and ranking, with first-time homebuyers representing about 43.9 percent of agency activity in the sector. Purchase mortgages accounted for 64.1 percent of total mortgage production during the second quarter. That’s the highest purchase share since 1995, when financing for home purchases represented 67.2 percent of total originations. At the midway point of 2014, purchase-mortgage originations were up...[Includes four data charts]

Roughly 40 to 50 percent of Citadel's production goes on its balance sheet.

The loan is available in California, Florida, Hawaii and New Jersey, and is slated to be expanded to other states.

Two other major contributors to the deal, George Mason Mortgage and American Pacific Mortgage, are retail-only shops.

For now, nonbanks that fund non-QMs must sell them to an investor unless they have a balance sheet. Securitizations likely won’t happen until sometime in 2015.

The Finance Agency filed suit against HSBC and 17 other firms in 2011. The two remaining defendants in the cases include Nomura Holdings and the Royal Bank of Scotland Group.