Collateral from a variety of lenders will be included in the deal, led by Paramount Residential Mortgage with a 7.5% share.

In mortgage banking, it's not necessarily where you've been, but where you're headed...

Staircase, a mortgage technology provider, recently raised $18 million in series A funding...

Credit-risk transfer transactions offer capital relief for banks and strong yields for investors. A CRT from Texas Capital Bank could only be scratching the surface of the potential of such deals.

Remote online notarization provision dropped from defense bill; credit unions allowed to acquire MSRs from other credit unions; new document processing technology offering; mortgage tech vendor raises capital; automated mortgage assistance product offered to distressed mortgage borrowers, for a fee.

There’s a growing market for ABS where deals are negotiated discreetly between the issuer and a handful of investors. The securities typically don’t receive credit ratings.

The ABS includes royalties for more than 200 songs that hit number one on the charts. However, none of the songs were disclosed in a rating report on the transaction, and only three artists were identified.

ABS East attendance declined this year; non-agency MBS issuers saw weaker demand in November as supply spiked; GSE g-fees didn’t vary much based on seller size in 2020.

Beginning in April, credit unions will be able to buy and sell MSRs among themselves. The sector currently holds servicing tied to more than $460 billion of unpaid principal balance.

The regulatory development sounds interesting, but there are a few strings attached...