Citi led the pack with $2.46 billion of EC production in the second quarter, more than doubling its volume from 1Q20.

the good news: Mortgage servicers so far have been advancing principal and interest on missed payments to the secondary markets...

TD Bank and Charles Schwab continued to dominate the sector, accounting for a combined 45.2% of industry ABS holdings despite pulling back somewhat during the pandemic-stricken second quarter.

It may seem hard to believe, but the high level of impairments hasn't prompted material losses on MBS, at least not yet...

The $100 million securitization consists of bridge loans for both owner-occupied and business-purpose properties.

Roughly $5 billion worth of expanded-credit loans were stranded, looking for a home but investors wouldn’t bite unless the originator/seller was willing to take a major haircut on the sale. And many did.

Gordon Albrecht of FCI Lender Services, the nation’s largest hard-money subservicer: "We [have been] getting a ton of requests for forbearance, but we’re a subservicer, so we have no authority to do any type of forbearance without the lender’s direction and permission.”

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.