Changes in underwriting standards for non-QM loans are a slippery slope, according to investors.

About 45% of Redwood's secondary-market partners are banks...

The rule has been in the works for 14 years.

Harris Trifon, a partner and portfolio manager at Lord Abbett, an investment management company, said non-QM delinquencies are not “raising alarm bells” for him.

The mortgage delinquency rate declined to 3.04% as of the end of May, down from 3.09% at the end of April, according to Intercontinental Exchange.

Freddie saw the bigger monthly increase in MBS output, up 9.4% from April. Business was up 6.3% at Fannie.

The CFPB issued a proposed order that would require Freedom Mortgage to pay a $3.95 million penalty for submitting “error-riddled” data under HMDA.

The Federal Reserve reported $445.78 billion of non-agency MBS outstanding at the end of March, up 2.6% from December.

J-T Gaietto, chief operating officer at ConvergentDS, a firm that helps assess cyber risks, said obtaining cybersecurity insurance “isn’t the easiest thing to accomplish.”