PIMCO also has been buying non-agency mortgages, holding the paper in one of the funds it manages.

Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…

However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.

Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).

Mortgages aggregated by Shelter Growth account for 43.5 percent of the collateral.

Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…

Maybe a REIT is the way to go in nonprime...

KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…

The common thread in both cases is that Ocwen and PHH similarly assert that the CFPB’s structure is unconstitutional.