Roughly 68% of the collateral is located in California. The seller would like to strike a sale agreement by the end of September.

The bulk of the REIT’s involvement in the non-QM market so far has been through LendSure Mortgage, an originator it owns a stake in...

MFA's first non-QM MBS was on track to be issued in March until volatility from the coronavirus scuttled the deal.

The top three jumbo originators in 2Q20 were all megabanks: Wells Fargo, Bank of America and JPMorgan Chase. The only nonbank among the top-10: Quicken...

The first non-QM MBS from Goldman Sachs includes loans from previously issued deals and some newer mortgages aggregated by the firm.

The downgrade was prompted by JPM's use of Fannie Mae's Collateral Underwriter and automated valuation models.

In the PIMCO deal, the loans have seasoned for an average of 14 months and 21.7% of borrowers are on forbearance/deferral plans.

The concept of a state-level CFPB was revived through a budget trailer bill on Aug. 4.

To meet the qualifications for a seasoned QM, a loan must be held by the creditor for at least 36 months after origination and have no more than two 30-day delinquencies during that time period...

Pulling the strings behind the non-QM curtain: A giant named PIMCO...