Redwood Trust has closed on a new securitization of single-family rental loans, the first such MBS since its acquisition of SFR lender CoreVest this fall.

Charlie Clark, president of the American Association of Residential Mortgage Regulators, stressed the need to establish prudential standards for nonbank lenders and servicers.

“The appetite in the secondary market for non-QMs is insane,” said Shea Pallante, an executive vice president at the Long Island-based Sprout Mortgage...

Craig Phillips: “When a company fails, the capital structure is typically eliminated and there are no shares left.”

It’s no secret that home lenders are enjoying boom times. According to figures published by Inside Mortgage Finance last month, mortgage bankers funded a mouth-watering $700 billion in first-liens in the quarter, the strongest showing of the year.

Along with the increase to the baseline limit, caps on Fannie Mae, Freddie Mac and government-insured loans in high-cost areas would also rise, to as much as $760,000…

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.