The definitions used by non-agency MBS lenders and issuers aren’t consistent and many terms haven’t been updated since 2009. The MISMO and the SFA are separately working on setting new standards.

The Fed could end its stimulus-related purchases of agency MBS by the middle of 2022; S&P official provides an example of just how conservative rating services can be when assessing non-agency MBS and ABS.

Many of the borrowers facing the end of their forbearance plans are struggling financially. Servicers say they’re ready to help, and for those who can’t resume payments there’s home price appreciation to bank on.

Freddie finds trends of bias in appraisal practices; Freedom Mortgage and Mr. Cooper will allow employees to work from home long term.

SFA CEO Michael Bright says industry needs a standards-setting organization to build non-agency MBS market.

More than 98% of Mr. Cooper's nearly 10,000 employees were working from home as of the end of 2020.

The MBA's new effort is named "Building Generational Wealth Through Homeownership."

Between the start of 2020 and the end of June 2021, AmWest ranked third among contributors to expanded-credit MBS.

The GSE boosted the tender cap from $650 million to $1.63 billion.