All of the loans in the MBS were underwritten using debt-service coverage ratios.

In recent years, mortgages funded by Quicken have been included in prime non-agency MBS issued by others, but this is the first deal backed solely by loans originated by Quicken and serviced by the firm.

Former Freddie CEO Don Layton took issue with the plan’s basic premise that if the footprint of the GSEs shrinks, private capital will move in to take up the slack...

New Residential will assume some of Ditech’s office space and roughly 1,100 workers will be offered employment at the REIT.

Mortgages eligible for sale to the GSEs accounted for about 25% of the dollar volume of loans in prime non-agency MBS from Redwood earlier this year while the new deal includes a 10% share of GSE-eligible loans.

First Republic, JPMorgan Chase and CitiMortgage led the IO pack during the second quarter. Interest-only originations tend to be concentrated in the jumbo space...

Toorak is a leading issuer of fix-and-flip securitizations. The firm has aggregated more than $3.0 billion worth of product since 2016.

Quicken Loans denied 29.6% of applications for jumbo purchase-mortgages in 2018 and denied nearly half of the jumbo refi applications it received.

Caliber’s Elite Access program is aimed at borrowers who could not qualify for a jumbo mortgage at a bank.

If the QM "patch" disappears as scheduled in early 2021, some lenders might see originations plummet. At least, that's the fear...