Moves by the Fed and a crowded prime non-agency MBS market led to lower income for Redwood...

Why would Michigan workers place a bet on California-based loanDepot and not UWM or Home Point?

Overall, mortgage delinquencies at the end of 2021 had returned to levels seen before the pandemic. Serious delinquency rates are elevated compared with the days before the coronavirus. (Includes data chart.)

Behind the scenes players in the non-QM market: commercial banks...

Founded in 2018, the lender has so far focused on mortgages for foreign nationals.

For years, Angel Oak has operated a vertically-integrated origination and securitization operation.

Boston Lending recently issued a non-agency MBS backed by proprietary reverse mortgages...

Angel Oak issues MBS largely stocked with its own production whereas AmWest started shelfing its own deals in September after years of contributing to MBS issued by others. (Includes three data charts.)

Angel Oak is sourcing loans from lenders beyond its affiliates, Invictus reached a diversification milestone and Angelo Gordon went the other way, sponsoring a deal with loans from just one lender.

Loan-level details from CoreLogic provide a comparison of interest rates charged on jumbos and conventional mortgages. One finding: Spreads returned to pre-pandemic levels in the second half of 2021.