The lender is increasing its originations of non-QMs, which helped it generate a profit for the third quarter. Still, non-QM pricing declined early in the fourth quarter and there are additional costs tied to originating the loans.

The largest non-agency MBS on offer in the past two weeks was a $762 million deal from United Wholesale Mortgage. Barclays Capital is also set to issue an expanded-credit MBS.

Number of non-agency mortgages in forbearance increases; Securent offering loan-defect insurance; Filo Mortgage launches jumbo offering; Lakeview Loan Servicing partners with Silver Hill Funding.

Nearly $4.0 billion of non-agency MBS with mortgages for investment properties was on offer in the past two weeks. Many of the deals are backed by GSE-eligible mortgages.

The latest, a $406.1 million security with collateral from Guaranteed Rate, hit the market Tuesday.

UWM believes it controls margins in the wholesale space...

Reasons? Many borrowers are reaching the end of their forbearance periods...

According to the Oakleaf Group, an analytics firm, governing documents for many non-agency MBS don’t include an explanation on how to calculate the fair market value...

Institutional investors are in line to purchase roughly 7,000 single-family properties in Zillow’s fix-and-flip inventory. Or maybe not...

With margins expected to decline, mortgage companies are looking to cut costs. Options include outsourcing and automation.