Mortgages from HomeXpress account for 18% of the pending $363.2 million non-QM MBS from Lone Star Funds.

Correspondent production of conventional-conforming loans fell 17.3% on a quarterly basis, reducing the channel’s share to 36.7%, the lowest reading in the past five years.

To some, the rule's $243 billion minimum leverage capital requirement means the GSEs can’t generate enough profits to attract investors...

The lender becomes liable for the indemnification payment if the property goes into foreclosure and results in a claim to the Mutual Mortgage Insurance Fund.

All three agencies recorded declining purchase-mortgage volume...

To boost public issuance of non-agency MBS, the SEC is considering changing disclosure norms for the transactions...

But the first quarter was just a prelude to the crescendo of refinance activity in April and May. A whopping $323.4 billion of refi loans were securitized by the GSEs and Ginnie during the past two months...

The top contributors to the deal include Athas Capital Group with a 33.2% share and Sprout Mortgage at 30.8%...

As one East Coast-based banker put it: “Before the pandemic exploded, I had eight or nine new customers lined up I wanted to bank. Right now, that’s on hold until this passes.”

Sterling Bank and Trust increased reserves in case the bank has to buy back non-QMs with faulty underwriting.