Restrictions placed on the GSEs earlier this year by their regulator are prompting loan aggregators and lenders to sell agency-eligible mortgages for investment properties into the non-agency market.

Non-QM lender Angel Oak is looking to crank up originations...

Third-party due diligence reviewers are swamped.

The issuance is the first of the year from Goldman with GSE-eligible mortgages for investment properties.

Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.

Previously, Annaly was predominantly sourcing non-QMs from aggregators rather than directly from lenders.

The top contributor to both MBS is CrossCountry Mortgage.

The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...

While Angel Oak issued a non-QM MBS during the second quarter, the REIT didn't participate in the securitization.

JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”