About a dozen firms currently originate HEIs in more than 30 states, according to Morningstar DBRS.

Federal banking regulators are still grappling with whether to re-propose a rule on capital requirements for large banks or to move on to a final rule.

The top higher-priced mortgage lender in 2023 was 21st Mortgage, with $2.55 billion in volume.

Issuance of prime non-agency MBS in the first quarter of 2024 was driven by jumbo mortgages, though volume involving GSE-eligible mortgages also increased.

It’s the fourth securitization of seconds from the nonbank this year.

“This is the most attractive time to be acquiring residential loans since I started in the market in 1991,” said Carl Bell, a senior managing director at Invictus Capital Partners.

To this point, access to Fannie's income-calculation tool was only available through third parties.

Buyers increasing their allocations to the sector include insurance companies.

“Recent data showing stickier-than-expected inflation, rising mortgage rates and continued home price appreciation appear to have given consumers pause regarding the market’s direction,” said Doug Duncan, a senior vice president and chief economist at Fannie Mae.

The REIT completed one securitization in the first quarter, this one collateralized by "transitional" loans...