If banks meet the safe harbor requirements, the FDIC won’t reclaim assets from a non-agency MBS if a bank is subsequently placed in conservatorship or receivership.

Angel Oak's non-QM originations hit another record in the third quarter, with $891 million in volume.

JPMorgan Chase Bank and Flagstar Bank are separately issuing MBS backed by mortgages eligible for sale to Fannie Mae and Freddie Mac.

The $638.2 million MBS follows a $788.9 million deal that Chase brought to market in August. Only a handful of MBS from other issuers this year have topped $400 million...