Keefe, Bruyette & Woods said the dividend cut is in line with expectations. "However, we think investor focus remains on the company's ability to finance its non-agency MBS."

Angel Oak Mortgage Solutions laid off roughly 70% of its 275 employees as non-QM originations have stalled due to economic fallout caused by the coronavirus.

In the stock market, we trust. Right? Meanwhile: Ocwen to the rescue? (Too bad Ditech didn't survive.)

Actions by the Fed to help the mortgage market haven't don't much for non-agency MBS. Issuance ground to a halt and a number of lenders suspended production.

Two of the top originators of non-QMs suspended lending operations on Monday, citing complications from the coronavirus.

Increasingly, margin calls are becoming an issue for mortgage REITs...

In a time of crisis should Fannie and Freddie be allowed to hold more MBS? Hike the GSE loan limit too?

Homebridge Financial’s wholesale division and theLender both announced suspensions to their non-QM lending operations. Others will follow, rest assured...

Demand for newly-originated non-QMs has declined, prompting aggregators to re-price products, At least one wholesale lender stopped originations...

Conventional and government originators are feasting on refinancings that should keep them busy the next three months. After that...