Some $247.0 billion of subprime mortgages were outstanding at the end of the first quarter of 2017, according to estimates by Inside Nonconforming Markets.

Among the “deliverables” the industry is waiting for: the reporting portal, the geocoding tool, data validation and other edits…

TD Bank is by far the biggest bank investor in card ABS, and in ABS overall, but its $12.71 billion portfolio of card ABS was down some $702.6 million from December.

“You need a lot of issuers out there and you need more investors,” said Redwood CEO Marty Hughes.

Among the top five retail lenders, Wells Fargo had the largest sequential decline in 1Q17, down 41.2 percent.

But keep in mind the 'new nonprime' is nothing like the toxic and predatory products of the last decade...

Lenders cited various technology issues, costs and difficulties getting loan officers to change behavior as barriers to digitizing the mortgage process.

Agency MBS data suggest the purchase market hit its low spot in January and has been slowing building momentum ever since…

Larry Charbonneau, who conducts warehouse lending reviews for commercial banks, said usage rates are definitely improving this spring.

Roughly 10.8 percent of the mortgages were sourced through the Federal Home Loan Banks’ Mortgage Partnership Finance program.