Invictus Capital Partners was the top issuer of expanded-credit MBS in the first quarter of 2023.

First Republic Bank's stock price dropped by 50% the day after the bank released earnings for the first quarter.

First Republic Bank plans to shift to originating loans for sale into the secondary market.

First Republic is altering its originate-to-hold strategy as deposits shrink.

However, a Goldman strategist said residential lending should avoid the pain that will be more pronounced in other sectors.

Morgan Stanley initially started marketing the jumbo MBS just before the failure of two regional banks in March.

Interest rate trends and industry consolidation are tailwinds for big players in the non-QM market.

Brokers working with UWM can now decide when they want to pull the hard credit report...

Annaly Capital Management, A&D Mortgage and Lone Star Funds started marketing expanded-credit MBS this week.

Kroll Bond Rating Agency doesn't expect to take actions on outstanding non-agency MBS and CRT issuance tied to failed banks or regional banks experiencing volatility.