Steve Abreu, who founded Newfi and serves as its CEO, will stay on with the mortgage firm after the sale closes.

Prime non-agency MBS issuance jumped 51.9% from the second quarter to $26.58 billion in the third. Some $14.91 billion came from deals backed by traditional jumbo loans that exceed agency loan limits...

The REIT continues to make venture capital investments in ancillary businesses, including Canopy Financial Technology Partners...

MFA will retain at least 5% of the non-agency MBS to meet risk-retention requirements.

Another M&A deal for publicly traded REIT New Residential...

Some $32.26 billion of securities backed by non-agency mortgages were issued in the third quarter.

The concerns, voiced by Granovskaya and other participants at the event, are tied to an expected decline in the supply of loans for non-agency MBS.

Some 22% of the loans in the MBS were originated by lenders unaffiliated with Angel Oak Companies.

Veteran loan broker Michael Foote called it, “Good marketing more than anything, but they’ll just stack the loans and then sell them as soon as the new loans can be delivered…

Keith Lind, executive chairman and president of Acra Lending, an early pioneer in the sector, echoed Pallante’s view, noting there’s a new set of investors for non-QMs.