Roughly $8.04 billion of non-agency MBS backed by new production was issued in the second quarter, down 39.0% from the first three months of the year.

Velocity sold two unrated MBS in recent months and now plans to focus on restarting originations.

The bulk of non-QM originations come through mortgage brokers and the retail channel.

The average interest rate on 30-year fixed-rate mortgages could fall below 3.00% later this year, according to Freddie Mac's chief economist.

DBRS Morningstar edged out Kroll Bond Rating Agency as the top firm in rating non-agency MBS in the first three months of the year.

The revival included first-time EC MBS issuers as well...

And the good news? The company is once again originating (after suspending production in the spring) but only for Fannie Mae, Freddie Mac and FHA/VA products.

Angel Oak is on track to be the top issuer of expanded-credit MBS in the second quarter with volume of $876.3 million...

The top contributor to the deal is JMAC Lending with a 7.3% share, followed by Commerce Home Mortgage (7.0%) and loanDepot (6.4%).

The CFPB proposed standards for qualified mortgages that don’t rely on a loan being eligible for sale to the government-sponsored enterprises.