UWM doesn’t issue its own MBS, and instead contributes to deals issued by others, most notably, JPMorgan Chase.

Unlike other non-agency MBS with GSE-eligible loans, the deal from Provident is concentrated on standard mortgages for primary residences.

Previous MBS from Neuberger Berman included investment-property mortgages underwritten using rental income...

“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...

The firm named Chief Financial Officer Glenn Votek interim CEO and president as it searches for a permanent replacement.

By the time recap and release is completed, an army of securities attorneys and investment bankers are going to rack up the billable hours…

The $533.5 million issuance will be the largest post-crisis non-agency MBS backed by mortgages for investment properties.

Professionals familiar with the product say investment-property loans underwritten using debt service coverage ratios are easier to underwrite than mortgages made to self-employed borrowers using bank statements...

Only four REITs upped their agency MBS holdings in the third quarter, including New Residential Investment Corp., New York, also a large holder of mortgage servicing rights…

It would be a radical change, but the FHFA may allow nonbank mortgage firms to become FHLB members, giving them access to advance window...