Roughly 36 states and 104 state examiners participated in the coordinated mortgage exams…

According to Morningstar Credit Ratings, the weighted-average loan-to-value ratio for securitized non-QMs is 75.2 percent and the average debt-to-income ratio is 36.6 percent

Meanwhile, Redwood is working toward issuing a jumbo MBS from its “expanded prime” program…

The rating service said investors should have access to the reviewer’s findings or access to other information that would help determine if a breach should be pursued.

The goal of the collaborative: to produce research papers that will lay the groundwork for policy recommendations over the next two years…

It’s the fourth trip to the nonprime MBS well for Angel Oak…

The firms originating the collateral backing the MBS were not identified.

-The nation’s top three ARM lenders are JPMorgan Chase, Wells Fargo and Bank of America…

PHH Mortgage and Chase both played a role in the decline of IO originations.

Wells Fargo, which has the largest portfolio of first-lien mortgages, reported a 3.2 percent drop in its holdings, down to $272.72 billion as of the end of the first quarter.