The proprietary reverse mortgages in the MBS were originated by Reverse Mortgage Funding and Nationwide Equities.

One institution, USAA Federal Savings Bank, accounted for most of the decline.

SFA CEO Michael Bright says industry needs a standards-setting organization to build non-agency MBS market.

More than 98% of Mr. Cooper's nearly 10,000 employees were working from home as of the end of 2020.

Retail, correspondent and wholesale lending declined in the conventional-conforming and government-insured markets in the second quarter and increased in the jumbo sector.

The MBA's new effort is named "Building Generational Wealth Through Homeownership."

Between the start of 2020 and the end of June 2021, AmWest ranked third among contributors to expanded-credit MBS.

Some $20 billion of GSE-eligible mortgages are on track to flow into non-agency MBS this year.

Redwood could generate an ROE approaching 30% from the securitization.