The $100 million securitization consists of bridge loans for both owner-occupied and business-purpose properties.

Roughly $5 billion worth of expanded-credit loans were stranded, looking for a home but investors wouldn’t bite unless the originator/seller was willing to take a major haircut on the sale. And many did.

Gordon Albrecht of FCI Lender Services, the nation’s largest hard-money subservicer: "We [have been] getting a ton of requests for forbearance, but we’re a subservicer, so we have no authority to do any type of forbearance without the lender’s direction and permission.”

Roughly 68% of the collateral is located in California. The seller would like to strike a sale agreement by the end of September.

The bulk of the REIT’s involvement in the non-QM market so far has been through LendSure Mortgage, an originator it owns a stake in...

MFA's first non-QM MBS was on track to be issued in March until volatility from the coronavirus scuttled the deal.

The top three jumbo originators in 2Q20 were all megabanks: Wells Fargo, Bank of America and JPMorgan Chase. The only nonbank among the top-10: Quicken...

The first non-QM MBS from Goldman Sachs includes loans from previously issued deals and some newer mortgages aggregated by the firm.

The downgrade was prompted by JPM's use of Fannie Mae's Collateral Underwriter and automated valuation models.

In the PIMCO deal, the loans have seasoned for an average of 14 months and 21.7% of borrowers are on forbearance/deferral plans.