After issuing a final rule on open banking, the CFPB plans a follow-on rule for open banking with mortgages.

Originations of both non-agency and conforming jumbos were up in the second quarter of this year.

“The potential for growth of the sector is massive,” said Sainadh Polisetty, a senior vice president of investments at One William Street Capital Management.

MFA Financial, Rithm Capital and Annaly Capital Management all started marketing new non-agency or jumbo MBS deals this week.

Among a group of 20 prominent nonprime servicers, portfolios increased by 0.6% in the second quarter.

The Loan Store acquired Homepoint Financial’s wholesale lending operations last year.

Although mortgage “franchise” deals have been few and far between this year, branch network sales have been a different story. One reason: Employees at those networks feel they might be better served under a more aggressive boss, especially with lower rates expected.

Brian Devlin, president and CEO of Arc Home, said investor appetite for non-QMs is the strongest it’s ever been.

It’s the first jumbo MBS from Redwood since 2015 to include full advancing.

After a lull around Labor Day, non-agency MBS issuance is set to flow with expanded-credit deals, prime non-agency MBS and a HELOC securitization.