While many non-QM lenders suspended production last year, A&D Mortgage’s direct connection to the MBS market placed it in good stead.

Originations of adjustable-rate mortgages declined by 15% on a sequential basis in the first quarter of 2021. The ARM share of total originations also fell below 5%. (Includes data chart.)

Maxex receives new funding; Angel Oak expands retail branches; Ocwen to acquire Reverse Mortgage Solutions; non-agency forbearance flat.

The $303 million deal is the third MBS from Angel Oak this year and the largest of the three.

The MBS will be the first from Citi with GSE-eligible loans and it marks PennyMac's return to the sector after years away.

The title insurance company was fined for an inadequate response after receiving notification that millions of mortgage records were inadvertently available for view online.

eVault technology from DocMagic will be incorporated into ICE Mortgage’s Encompass loan origination system. Also, MISMO expanded its eMortgage tech certification program.

A whole-business ABS from Wendy’s was upsized this week. Carl’s Jr./Hardee’s and Five Guys are also in the market with deals.

CLO issuance has gained speed with the macro environment looking good and interest rates rising. Note: While S&P was quick to downgrade deals during the pandemic, upgrades have been slower.