Its gain-on-sale margin came in at 305 basis points in 4Q20 compared to 110 bps in the year ago period. The nonbank also vowed to return “excess cash” to shareholders when possible, a reference to dividend payments.

The deal is sized at $146.2 million while previous MBS from Deephaven averaged closed to $400 million in volume.

Despite the achievement of the ranking, UWM’s contribution to jumbo MBS actually declined by 4.4% on an annual basis last year while overall non-agency jumbo securitization increased...

The $608.83 million deal issued by JPMorgan Chase in 2019 is stocked with non-QMs.

The top contributors include Lima One Capital with a 67.0% share and Constructive Loans at 28.4%.

The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.

Most of the other top players in the non-QM sector returned to the market within months of the COVID-related disruption...

“Right now business is good,” said Managing Partner and Co-CEO Mike Fierman…

After a disruption in March 2020, originations of non-QMs might return to pre-pandemic levels later this year...

Chase is set to issue one of the largest post-2010 prime non-agency MBS with new production while Credit Suisse has a smaller non-QM deal with somewhat seasoned mortgages.