In the interim, mortgage servicers must continue to pass on the principal and interest payments to the end bondholders.

The MBS is backed by 3,548 mortgages that have seasoned for more than 11 years, on average.

SG has been an investor in nonprime/non-QM loans and has even issued unrated deals…

In less than 90 days...

Social Finance, a former fintech darling, has been through the ringer of late: cofounder, CEO and “brain” Michael Cagney resigned midmonth amid sexual harassment allegations and other top executives have departed as well, raising questions about the company’s direction – and future. SoFi, as it’s known, was a “disruptor” of sorts in the financial services arena, refinancing student loans made to millennials at cheaper rates and then securitizing the paper. Over the past 18 months, the privately held startup has been...

The biggest challenge for the vibrant single-family rental market may be the shortage of available homes to purchase, according to panelists speaking at an Urban Institute event highlighting institutional investment in SFRs this week. And one analyst pointed to mid-sized investors as being best positioned to profit from the market. Since the financial crisis, SFRs have emerged as a viable housing option and real estate investment firms are seizing the opportunity. Both mom-and-pop operators and institutional investors have been buying homes of all sizes and offering them as rental properties. Prior to the crisis, there were...

“Expectations have had to be reset post-election,” said Ryan Schoen, a senior financial services analyst at Washington Analysis.

The easing of underwriting standards was most dramatic for loans eligible for sale to Fannie Mae and Freddie Mac…

CBO suggests seven options to reduce risk in FHA coverage, including insuring less of the loan amount...

S&P rated $69.54 billion of ABS issued in the first half of the year, roughly 60.1 percent of total issuance by dollar volume.