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.

In a note to investors, Compass Point analyst Isaac Boltansky estimated that, with combined annual profits of about $21.4 billion, it will take 11 years for Fannie and Freddie to reach FHFA’s capital targets…