Citadel Servicing Corp. ranks among the top 10 originators of non-QMs but to date, the privately held firm has never issued its own MBS...

By the time recap and release is completed, an army of securities attorneys and investment bankers are going to rack up the billable hours…

Although interest rate volatility played havoc for companies with unhedged servicing portfolios, a sharply growing refinance market provided a windfall of production income.

The $533.5 million issuance will be the largest post-crisis non-agency MBS backed by mortgages for investment properties.

Guild Mortgage, the nation’s 20^th largest home lender (according to a ranking by Inside Mortgage Finance), is on track to originate a record $20 billion this year…

However, the lender is considering reopening next year, potentially in another state. Massachusetts, New Hampshire, and Rhode Island are potential options...

The Department of Justice declared: “A separation of powers problem with an agency does not compel invalidation of the agency’s actions if those actions are subsequently approved in compliance with separation of powers requirements.”

The Treasury Department argued producing the documents would be “unduly burdensome” and “disproportionate to the needs of the case.”

Professionals familiar with the product say investment-property loans underwritten using debt service coverage ratios are easier to underwrite than mortgages made to self-employed borrowers using bank statements...