All of the loans in the MBS were underwritten using debt-service coverage ratios.

In the Treasury blueprint, the Trump administration clearly states its position: “Congress should consider permitting additional classes of mortgage lenders to become FHLBank members.”

The MBS from Reverse Mortgage Funding will be the first post-crisis deal backed by newly-originated proprietary reverse mortgages.

In recent years, mortgages funded by Quicken have been included in prime non-agency MBS issued by others, but this is the first deal backed solely by loans originated by Quicken and serviced by the firm.

The biggest growth in the agency mortgage market during the third quarter of 2019 came from increases in refinance lending…

Ginnie Mae MBS issuance totaled $50.4 billion in August, the best monthly reading of the year…

Former Freddie CEO Don Layton took issue with the plan’s basic premise that if the footprint of the GSEs shrinks, private capital will move in to take up the slack...

Mortgages eligible for sale to the GSEs accounted for about 25% of the dollar volume of loans in prime non-agency MBS from Redwood earlier this year while the new deal includes a 10% share of GSE-eligible loans.

Toorak is a leading issuer of fix-and-flip securitizations. The firm has aggregated more than $3.0 billion worth of product since 2016.

The FHFA announcement comes as financial institutions and regulators struggle to identify a suitable replacement index for LIBOR.