In the fourth quarter, Impac’s gain-on-sale margin increased 85 basis points to 203 bps, a reflection of its growing originations of non-QM loans.

SIFMA’s Daniel Goodwin: “Financial regulators must create a level playing field so that entities like the GSEs do not enjoy capital benefits that add to the tilting of the market…”

Credit unions reported a 19.5% increase in closed-end second originations from the first half of 2018 to the second half…

In January, the CFPB released a five-year look-back report assessing the implementation and effect of the ability-to-repay rule…

Another official described the Ginnie Mae change as a “nothing burger…”

Sterling will account for 58% of the loans in the MBS, Citadel 23%...

A number of firms regularly issue one non-QM deal per quarter. Two transactions is less common...

The planned Bunker Hill Loan Depository Trust 2019-1 from Oaktree Funding will be stocked with non-QMs along with business-purpose mortgages.

Issuers of prime jumbo mortgage-backed securities aren’t doing a good enough job of providing details of potential rep-and-warrant breaches …

The Structured Finance Industry Group’s years-long effort to reform practices in the non-agency mortgage-backed security market is nearly complete ...