Wells looks to up its originations by boosting IO jumbos.

Only two lenders have consistently provided more than 5.0 percent of the dollar volume in jumbo MBS Redwood has issued this year: First Republic Bank and Quicken Loans.

By comparison, ARMs accounted for less than 1.0 percent of total prime non-agency MBS issued in the first quarter.

The USMI said in statement that cutting FHA premiums right now is “neither necessary nor prudent at this time...."

However, the legal settlement likely will ding sector quarter earnings by $34 millon to $36 million…

In a somewhat uncommon move, Progress increased a planned issuance after presale reports on the deal were already published.

GreenBox was the top contributor to the new nonprime MBS with Sprout Mortgage a close second…

Over the past two years PIMCO has been a major buyer of nonprime/non-QM whole loans in the secondary market…

Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...

All of the mortgages Clayton reviewed for the MBS are safe harbor qualified mortgages.