Matt Nichols, a former Goldman Sachs executive, launched Deephaven earlier in the decade as a correspondent buyer of non-QM loans.

“Securitization is the false god that failed us.” These are the words of Mark Calabria, the conservative economist whom the Trump administration nominated last week as director of the Federal Housing Finance Agency, replacing Mel Watt, whose term ends in January.

With many consumers shopping at brick-and-mortar stores this holiday season, mortgages on department stores and shopping malls that are included in commercial MBS will likely see good performance in the end of 2018, said DBRS. [Includes one data chart.]

The ARM share typically goes up when interest rates rise, but not this time around…

The profit margin outlook has declined for nine consecutive quarters…

The securitization rate increased to 71.6 percent in 3Q18 compared to 65.0 percent in the previous period…

Meanwhile, acting Ginnie Mae President Michael Bright still awaits Senate confirmation, even though he was officially nominated to the post by President Trump on May 15.

The Wall Street group’s advisory council on TBA guidelines met earlier this week with several key Trump administration officials...

Joseph Otting will be joining the Trump administration's "two-hat" club...

The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...