What’s remarkable about the 2021 rebound in non-agency issuance is that several key sectors in commercial real estate still face long-term challenges.

Moves by the Fed and a crowded prime non-agency MBS market led to lower income for Redwood...

The lower pricing means MBS deals can still get done, but non-QM originators will be forced to raise their rates to make the numbers work.

Three of the top five government issuers in January managed to post gains...

For years, Angel Oak has operated a vertically-integrated origination and securitization operation.

Total Ginnie issuance was down 3.2% largely due to an 18.7% collapse in rate-term refinance.

One contributor to the deal: Impac Mortgage...

Even small and mid-sized nonbanks bested the megabanks: 20.0% versus 18.3%.

Officials at the REIT see good and bad in the Fed's recent moves.

Since the beginning of 2021, low interest rates fed a gusher of refinance and restructuring activity that totaled $230.29 billion...