Citadel has contributed non-QMs to MBS issued by other firms while never issuing its own security. Meanwhile, an MBS from MFA Financial with loans from Citadel is on hold.

The loan, structured by Canyon Partners with participation from credit funds managed by affiliates of Fortress Investment Group, essentially doubled the amount of cash New Residential has on its balance sheet.

The MBS from Goldman Sachs ends the pause in issuance of prime non-agency MBS that started in March when the coronavirus rear-ended the market...

According to figures compiled by Black Knight, 4.7 million homeowners are in forbearance plans...

Fannie Mae: “The financial advisor will work closely with the company and the FHFA to consider business and capital structures, market impacts and timing, and available capital raising alternatives, among other items.”

Mortgages in the MBS have seasoned for an average of 7.7 months, according to a presale report from Fitch Ratings.

A year ago, IRRRL activity totaled just $1.99 billion. In the first three months of 2020, it rocketed to $42.01 billion.

Even more noteworthy: First Republic hasn’t issued any non-agency securities since the market meltdown of 2008.