The planned MBS will be stocked with mortgages originated earlier this year, before volatility paused non-agency MBS issuance.

Wells Fargo is maintaining its steady issuance of jumbo MBS while other issuers largely avoid the market.

Citadel’s MBS received a preliminary A-rating from DBRS Morningstar with credit enhancement of 19.1% on the senior tranche.

Mortgages from HomeXpress account for 18% of the pending $363.2 million non-QM MBS from Lone Star Funds.