The DOJ continues to investigate issues involving a non-QM program Sterling Bank & Trust ended in 2019. Fallout from the program continues to cut into the bank’s profitability.

In late January, 57% of borrowers paid at least half a point to buy down the rate on their loan...

Most of the non-agency MBS on offer within the past two weeks was stocked with mortgages for investment properties.

HomeXpress preps its first non-agency MBS; A&D loosens non-QM guidelines; bridge loan partnership; FoA revises second-lien reverse mortgage product.

Delinquencies and impairments continued to increase on unsecured consumer ABS and subprime auto ABS at the end of 2022. Credit card ABS performance is holding up better.

Credit Suisse completed the first part of the sale of its securitized products group; tighter pricing for Fannie with latest CRT offering; SEC’s rating service report light on details; retrial in GSE shareholder case set for July; RMF’s planned securitization scuttled.

The REIT invests in both agency MBS and mortgage servicing rights.

Borrower use of buydowns spiked as interest rates increased in 2022, but “permanent” buydown activity has diminished somewhat this year.

Income from the REIT's MSR portfolio helped to offset losses from originations...

The DSCR loans have an average interest rate of 7.0%.