In recent weeks, investment-property loans accounted for the majority of collateral in non-agency mortgage-backed securities.

Only two prime non-agency MBS were issued during the fourth quarter of 2022.

Ares is a publicly-traded alternative investment manager with $352.0 billion of assets under management.

Rising interest rates take another bite out of loan applications.

Ginnie issued around $27.10 billion in MBS with single-family mortgages in January, a 5.7% decline from December and notably smaller than that month's decline of 14.2%.

Investigations by the Department of Justice and Securities and Exchange Commission linger over Sterling Bank & Trust's non-QM program closed in 2019.

Bill Emerson will serve as interim CEO of Rocket companies.

Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.

After nine months of declines, rate locks increased in January.

Issuance of Ginnie Mae MBS declined again in January, though at a slower pace than the drop-off seen in the final months of 2022. PennyMac was the top issuer during the month. (Includes two data charts.)