Close to 40% of loans in a planned non-QM MBS from Starwood Non-Agency Lending are subject to COVID-19-related forbearance. The relief rate on a deal from Verus Mortgage Capital is 7%.

Citadel has contributed non-QMs to MBS issued by other firms while never issuing its own security. Meanwhile, an MBS from MFA Financial with loans from Citadel is on hold.

The loan, structured by Canyon Partners with participation from credit funds managed by affiliates of Fortress Investment Group, essentially doubled the amount of cash New Residential has on its balance sheet.

Overall, the jumbo origination share fell to 11.9% in the first quarter from 14.1% in 4Q19...

The MBS from Goldman Sachs ends the pause in issuance of prime non-agency MBS that started in March when the coronavirus rear-ended the market...

Mortgages in the MBS have seasoned for an average of 7.7 months, according to a presale report from Fitch Ratings.

Last month, Impac agreed to sell a $4.1 billion Freddie Mac servicing portfolio to PNC Bank for an undisclosed sum...

Even more noteworthy: First Republic hasn’t issued any non-agency securities since the market meltdown of 2008.