U.S. Bank, a major trustee in the non-agency MBS market, was looking for guidance from a New York court.

The CFPB and DOJ issued a statement on denials of credit based on an applicant's immigration status.

In a case that could have far-reaching effects on MBS investors, a New York judge ordered a servicer to recalculate clean-up call termination prices to include deferred payments.

Revised rating methodologies by DBRS and other rating services could lead to mortgages with private MI going into non-agency MBS.

Smaller real estate investors are playing a larger role in the housing market as inventory fails to keep up with demand.

“The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.

In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.

The top three issuers of non-agency MBS in 3Q23: JPMorgan Chase, Onslow Bay Financial and Invictus Capital...

While prime non-agency MBS issuance rebounded in the third quarter, the expanded-credit sector remained the predominant source of non-agency issuance. (Includes data chart.)

Proposed capital requirements for large banks would have an impact on high loan-to-value loans to borrowers in underserved communities, according to an analysis by the Urban Institute.