Originations of interest-only mortgages declined in the first quarter among a group of lenders that participate in the sector. Close to 70% of the loans held by First Republic Bank, the nation's top IO lender, have IO features.

Investors in non-agency MBS face increased risks from GSE-eligible mortgages according to Moody's. The loans are allowed to have relatively high DTI ratios while still receiving QM status.

JPMorgan Chase is preparing to issue two prime non-agency MBS. And Annaly has another deal backed by GSE-eligible investment-property mortgages.

Moody's proposed changes to its rating criteria that would prompt upgrades for outstanding GSE risk-sharing transactions and prime non-agency MBS.

loanDepot offers paid apprenticeships for entry-level employees and an Uber-like model that allows employees to work "anytime, anywhere, on their own schedule."

Industry trade groups are not happy with the regulatory language, believing it could prevent much needed reminders to mortgagors in trouble…

The name Moelis should be familiar to mortgage professionals, especially those keeping tabs on Fannie Mae and Freddie Mac.