Brian Devlin, president and CEO of Arc Home, said investor appetite for non-QMs is the strongest it’s ever been.

It’s the first jumbo MBS from Redwood since 2015 to include full advancing.

MSR values are coming down as interest rates decline.

ARMs accounted for 13.6% of first-lien originations in the second quarter of 2024 compared to 11.7% in the first quarter.

After a lull around Labor Day, non-agency MBS issuance is set to flow with expanded-credit deals, prime non-agency MBS and a HELOC securitization.

“How much impact the program would have depends on how many homebuyers can access it,” said Phil Crescenzo, a vice president at Nation One Mortgage Group.

Defaults on home equity investment contracts can occur if the borrower’s mortgage is foreclosed on or if the borrower fails to maintain payments for taxes and insurance on the home.

The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.

Banks are pulling back on mortgage servicing for others, according to a recent Inside Mortgage Trends report.

The loans backing the security were originated by A&D or its third-party correspondents.