Fitch and KBRA assigned preliminary AAA ratings to the new MBS. Both incorporated coronavirus-related stress measurements to their calculations...

Top contributors to the deal include 5th Street Capital with a 42.8% share and Sprout Mortgage (41.0%). Servicing is being divided among Specialized Loan Servicing (62.4%), Fay Servicing (31.4%) and Lima One Capital (6.2%).

Citadel currently is not originating but services a roughly $3.5 billion portfolio.

All of the mortgages in MFA’s planned MBS were originated by Citadel, leading to speculation that the deal was scrapped. However, a spokesperson for MFA said the REIT still plans to issue the security.

However, the question remains whether the bureau will announce significant changes to the current framework...

Other non-agency MBS in the pipeline include offerings backed by reperforming mortgages...

The active non-QM funders include ACC Mortgage, A&D Mortgage, First National Bank of America, Newfi Lending and Silvergate Bank. (Silvergate, up until recently, was also a warehouse provider of non-QM products.)

Impac had hoped to resume lending again after a shutdown of two weeks. But that was then...

Ocwen said it received written notification on the violation from the NYSE on April 8.

Among the two largest firms that originate jumbo mortgages through correspondents, Chase is still active while Wells Fargo is on hiatus...