All of the loans in the MBS were originated by LendSure Mortgage. Ellington owns a 45% stake in the lender and provides a warehouse line of credit to the firm.

The marketplace lender and bank are offering HELOCs to borrowers in a handful of states.

Mayer Brown attorneys said a synthetic structure can receive favorable capital treatment while traditional non-agency MBS cannot.

Citadel has not securitized non-QM loans, opting instead for whole loan sales. But with a new owner, all that could change...

The majority of expanded-credit MBS this year has been filled with Alt A loans that tend to have higher credit scores and are underwritten with alternative documentation.

If banks meet the safe harbor requirements, the FDIC won’t reclaim assets from a non-agency MBS if a bank is subsequently placed in conservatorship or receivership.

The $638.2 million MBS follows a $788.9 million deal that Chase brought to market in August. Only a handful of MBS from other issuers this year have topped $400 million...

The planned $681.0 million issuance will top a $609.2 million deal Invictus issued in May.

Higher-priced mortgages are a regulatory designation based on the comparison of the annual percentage rate on a mortgage with the average prime offer rate, which tracks rates offered to prime borrowers.