According to the S-1, the pay includes a base salary of $408,994 and a bonus of $42.5 million.

After a disruption in March 2020, originations of non-QMs might return to pre-pandemic levels later this year...

Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending...

Chase is set to issue one of the largest post-2010 prime non-agency MBS with new production while Credit Suisse has a smaller non-QM deal with somewhat seasoned mortgages.

Some $7.29 billion of non-agency MBS was issued during the fourth quarter, down 41.5% on a sequential basis.

Loan application activity is typically slow in early January following the holidays. Not this year, according to officials at Wells and PCMA.