Nearly 12% of loans were underwritten using only one month of bank statements as the main source of income verification.

DoubleLine Capital is now a “strategic investment partner and minority shareholder” in OptionWide Financial, a lender that focuses on non-QMs.

Although the REIT will avoid non-QM assets this year, it believes the market for the product will continue to grow...

Officials at Redwood noted that gross margins on the issuance of mortgage-backed securities and whole loan sales improved as well.

Will a Democratic victory be the death knell for GSE reform?

Non-agency jumbos accounted for 17.4% of originations in 2019, up slightly from a 17.2% share the year prior...

Some players in the market hoped that once the QM patch expired a significant amount of originations would shift from the GSEs to the non-agency market. But those hopes are fading...

The IPO market remains closed to 'A' paper nonbanks, but that's not the case when it comes to non-QM originators...

Moody's believes that relying on less than 12 months of a borrower's bank statements increases the risk a non-QM loan may not meet the CFPB's standards...

Presale reports for 15 deals totaling $6.07 billion have been published this month, and more transactions are in the works.