Meanwhile, whatever happened to all that chatter about Amazon.com buying loanDepot?

Mortgages eligible for sale to the GSEs will account for 13.1% of the $353.4 million deal, which is more than double the share of GSE-eligible mortgages in the previous expanded-credit MBS from Redwood.

Some of the top expanded-credit MBS issuers – including Invictus Capital Partners, Angel Oak Companies, Lone Star Funds and New Residential Investment – issued one security each in the second quarter after bringing two deals each during 1Q19…

Executives at PCMA have resumes that include stints at Secured Funding Corp., New Century Financial, Countrywide Home Loans, and Ameriquest Financial…

The collateral is largely similar to previous deals from Starwood, though the use of additional lenders helped reduce the average seasoning time and increase the dollar volume.

Meanwhile, DBRS boosted its share of the rated market to 62.6%, Inside MBS & ABS found…

First Republic’s IO holdings had a weighted average loan-to-value ratio of roughly 56%, based on appraised value at the time of origination. The loans have credit scores averaging 762.

Nearly all of the loans in the $264.46 million issuance were originated by Finance of America Mortgage and Finance of America Commercial.

“The importance in having a well-functioning, transparent and liquid non-QM market is arguably growing by the day,” according to analysts at Keefe, Bruyette & Woods.

The expanded credit sector (which includes non-QM lending) shows promise but accounted for just 2.8% of total residential MBS issued in the first quarter, according to Inside MBS & ABS.