As might be expected, the move rattled lenders who are now trying to figure out the ramifications of a patch-less mortgage world...

Some $3.86 billion of expanded-credit MBS was issued in the first quarter, up 13.2% from 4Q20...

Some $11.40 billion of these loans — often used for fix-and-flip lending and bridge financing — were originated in 2020...

Bayview hired former employees of Redwood Trust to boost its jumbo-mortgage aggregation efforts.

The $394 million MBS from MFA marks the debut of ServiceMac as a subservicer for Acra Lending...

Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.

For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…

As recently as November, Impac Chairman and CEO George Mangiaracina said returns on loans eligible for sale to the government-sponsored enterprises were better than returns from non-QMs. However, this spring he indicated that market dynamics had changed.

The impairment rate on securitized non-QMs increased by 40 basis points on a monthly basis to 11.1% at the end of February.

Trends varied at the three big banks in the jumbo market. Wells Fargo, for instance, paused originations of the loans through correspondents in the second half of the year...