Feeding the non-QM MBS machine: affiliates of Angelo, Gordon & Co., Invictus Capital Partners and Shelter Growth Capital Partners...

Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...

Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.

The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.

Initially, the securitization will facilitate originations by Finance of America Mortgage and Quicken Loans...

However, the group did post a 1.9% increase in its investment of non-agency MBS, boosting aggregate holdings to $7.07 billion.

All things equal, "agency" jumbo volume might be expected to grow when loan limits are raised.

Previously, the largest post-2010 prime non-agency MBS from Goldman was a $622.1 million deal issued in April.

No purchase price was revealed. It marks at least the second known correspondent sale of the spring/summer season...

After a long slowdown tied to the pandemic, the Angel Oak family of companies is ramping up its originations of non-QMs...