MP Thrift, which is controlled by MatlinPatterson, completed a slightly larger sale of Flagstar’s shares last year...

Mayer Brown attorneys said a synthetic structure can receive favorable capital treatment while traditional non-agency MBS cannot.

It was the second quarter in a row that Freddie Mac was allowed to keep all of the money it earned as opposed to upstreaming retained capital in excess of $3.0 billion to the U.S. Treasury, the owner of its senior preferred shares.

Citadel has not securitized non-QM loans, opting instead for whole loan sales. But with a new owner, all that could change...

The senators argue that the failure to gather market-wide information will result in disparate treatment of borrowers and lead to data quality issues.

The majority of expanded-credit MBS this year has been filled with Alt A loans that tend to have higher credit scores and are underwritten with alternative documentation.

Meanwhile, new agency MBS creation remained strong in September at $160.2 billion…

“To foster competition that serves consumers, the new strategic plan and scorecard aim to provide a level playing field for all market participants such that success depends on running a better business rather than special regulatory and statutory advantages,” the FHFA states.

Meanwhile, depository institutions shrank their Ginnie MSR by 1.9% during the third quarter.

In a TV interview, HUD Secretary Ben Carson noted: “We love the non-depository lenders but we want to normalize the market.”