Impairments on non-qualified mortgages rose 16 basis points in June, according to dv01.

The average balance of loans in the new deal is $916,240, compared to $794,484 in Redwood’s March deal.

Lenders looking to poach employees from competing firms should take various measures to avoid litigation, according to the law firm of Brody Gapp.

Bayview Asset Management recently issued two forward-flow deals, with the issuer adding to the pools during a prefunding period.

More than 30 investors participated in the $508.6 million securitization of home equity investment products.

"We’re comfortable with risk from many of the sellers out there that are already making those loans and selling them elsewhere," said Jason Harris, co-founder and CEO of Button Finance.

Union Home Mortgage acquired the origination assets of non-qualified mortgage lender AmeriTrust Mortgage Corporation.

Annaly Capital Management’s Onslow Bay, the top-ranked issuer of expanded-credit mortgage-backed securities in the second quarter, issued $3.82 billion of expanded-credit MBS, down 8.3% from the first quarter.

“More rating agencies means more perspectives, and more perspectives means sharper insight for investors," John Beacham, CEO of Toorak Capital Partners, said. “That’s good for issuers, good for investors, and good for the long-term health of the market.”

Issuance of expanded-credit mortgages declined by 4.8% on a quarterly basis in the second quarter, with purchase-mortgage volume down. (Includes three data charts.)