Rob Zimmer, head of external communications for CMLA, described it this way: "It’s a terrible policy idea, given that only the middle class pays it. Wealthy households paying cash for homes or using jumbo mortgages won’t pay a dime."

Margins on the aggregation of jumbos came back down to earth while Redwood's business purpose lending unit flourished...

As rents and absorption rates rise, apartment sales and mortgage originations head north.

Flagstar's gain-on-sale margin fell to 135 basis points compared to 184 bps in 1Q21. The company also reduced the asset value of its mortgage servicing portfolio...

Nomura issued its first investment-property non-agency MBS in May.

With American Airlines grounded, issuance of business-class ABS fell $6.03 billion, or 23.0%, from the first to the second quarter.

The Supreme Court remanded a portion of the case, leaving it for the Fifth Circuit Court of Appeals to decide how to handle the question of whether the unconstitutional nature of FHFA’s leadership structure damaged shareholders and, if so, what kind of compensation they might be owed.

Overall, the states largely opted to follow capital and liquidity requirements set by the FHFA...

Loan officers and their processors alike are earning less these days...

Take note: Two investment-property non-agency MBS from JPMorgan Chase in less than a week.