SFIG noted that a complete repeal of risk-retention requirements “is likely neither appropriate nor probable.”

The new MBS is largely backed by non-QMs, along with some “rebuttable presumption” QMs…

The "Lost Sales Analysis" product – licensed from its developer, Equifax – helps originators determine if applicants closed a mortgage with a competitor.

All of the loans are current, though Fitch noted that 20.4 percent are “dirty current,” having experienced recent delinquencies or incomplete pay-strings…

"The legal challenges [to firing Cordray] must be very legitimate or they would have tossed him by now," said one industry official...

For all of 2016, Redwood came to market with just three jumbo MBS deals.

The mortgage division will employ loan advisors, providing them with incentives that reward service, not just sales...

Jefferies issued two similar rated warehouse-funding securitizations in 2016, totaling $435 million.

According to one media report, two men were shot execution-style inside a mortgage business on Staten Island Tuesday night...

Thus far, only a $225.75 million nonprime MBS issued by an affiliate of Lone Star Funds in December has received AAA ratings.