The issuance is the first of the year from Goldman with GSE-eligible mortgages for investment properties.

Freddie's issuance fell by more than 50% from the first quarter and Fannie remained inactive.

Previously, Annaly was predominantly sourcing non-QMs from aggregators rather than directly from lenders.

Refi inquires declined by 5% on a weekly basis while purchase-mortgage applications were off by 1%...

The top contributor to both MBS is CrossCountry Mortgage.

While Angel Oak issued a non-QM MBS during the second quarter, the REIT didn't participate in the securitization.

The bulk of the loans in the MBS were originated by New Residential's own lending unit, along with some from Caliber...

CHOICEReno eXPress, on the other hand, is targeted toward borrowers who need to finance relatively minor renovations. In designated Duty to Serve high-needs areas, the total cost of the rehab can’t exceed 15% of the appraised home value. Otherwise, the limit is 10% of the home price.

Annaly packaged newer non-QMs, MFA's deal is stocked with loans that have seasoned for about a year and Velocity focused on investment properties/small balance commercial.