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    <item>
      <title>New HEL Securitization Issuer; PIMCO Repackages HELOCs</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Santander Bank is issuing a securitization of closed-end second liens sourced from Pennymac. Also, an affiliate of PIMCO is offering a securitization of seasoned HELOCs.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235630</guid>
      <pubDate>Thu, 16 Oct 2025 17:30:23 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235630-new-hel-securitization-issuer-pimco-repackages-helocs</link>
    </item>
    <item>
      <title>‘Pancake’ REMIC Structure Offered for Residential MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The structure helps issuers extend prefunding and investment periods beyond the 90-day limitation that applies to traditional real estate mortgage investment conduits.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235350</guid>
      <pubDate>Thu, 18 Sep 2025 16:26:42 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235350-pancake-remit-structure-offered-for-residential-mbs</link>
    </item>
    <item>
      <title>PennyMac REIT Expanding Into Jumbo MBS Issuance</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[PennyMac Mortgage Investment Trust has been issuing about one prime non-agency MBS per month, stocking the deals with GSE-eligible mortgages for investment properties and second homes. Now the REIT is set to issue jumbo MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234528</guid>
      <pubDate>Thu, 12 Jun 2025 16:43:12 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234528-pennymac-reit-expanding-into-jumbo-mbs-issuance</link>
    </item>
    <item>
      <title>Home Equity Securitization Rebounds in First Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency securitization of home equity loans resumed its rising trajectory after slumping in the fourth quarter of 2024. Rocket was the top issuer in the first quarter, focusing on closed-end second liens. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234152</guid>
      <pubDate>Thu, 01 May 2025 15:43:20 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234152-home-equity-securitization-rebounds-in-first-quarter</link>
    </item>
    <item>
      <title>Chase Brings New Structure to Prime Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[JPMorgan Chase is marketing a prime non-agency MBS with a payment structure typically only used with expanded-credit MBS. Fitch applauded the move.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234070</guid>
      <pubDate>Thu, 24 Apr 2025 16:06:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234070-chase-brings-new-structure-to-prime-non-agency-mbs</link>
    </item>
    <item>
      <title>Non-Agency MBS Issuance With Seasoned Loans Picks Up</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[An affiliate of Balbec Capital brought three deals in March alone with another set to begin marketing shortly. Goldman Sachs and Citi also issued non-agency MBS with reperforming loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233921</guid>
      <pubDate>Thu, 03 Apr 2025 16:58:18 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233921-non-agency-mbs-issuance-with-seasoned-loans-picks-up</link>
    </item>
    <item>
      <title>Low Servicing Fees Prompt Warnings on Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[On some recently issued expanded-credit MBS, servicing fees have been as low as 5 basis points. S&P and some other rating services review deals applying assumptions for higher servicing fees.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233839</guid>
      <pubDate>Thu, 27 Mar 2025 16:49:18 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233839-low-servicing-fees-prompt-warnings-on-non-agency-mbs</link>
    </item>
    <item>
      <title>Bayview Returns to Non-Agency MBS Market as Issuer</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The MBS is stocked with investment-property mortgages eligible for sale to the GSEs. Bayview Asset Management last issued a non-agency MBS on its Oceanview shelf in October 2022.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233321</guid>
      <pubDate>Thu, 30 Jan 2025 15:29:14 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233321-bayview-returns-to-non-agency-mbs-market-as-issuer</link>
    </item>
    <item>
      <title>Growth in Home Equity Loan Securitization Slows in 3Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Growth in securitizations of home equity loans slowed in the third quarter from an exponential pace earlier in the year. Still, issuance was up, with Rocket leading the way. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232875</guid>
      <pubDate>Thu, 05 Dec 2024 15:57:50 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232875-growth-in-home-equity-loan-securitization-slows-in-3q</link>
    </item>
    <item>
      <title>Strong Appetite for Non-QMs, Both Whole Loans and MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of MBS with non-qualified mortgages is growing even as insurance companies increase their purchases of non-QMs as whole loans. Investor demand for the products looks likely to remain strong.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232476</guid>
      <pubDate>Thu, 24 Oct 2024 16:17:27 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232476-investors-happy-with-non-qms-whole-loans-or-mbs</link>
    </item>
    <item>
      <title>Hurricanes Pose Hiccups for Non-Agency MBS Deals</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency MBS issuers typically ensure properties in the deal are damage free. That standard can be difficult to achieve if a hurricane strikes while the deal is still in the works.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232329</guid>
      <pubDate>Thu, 10 Oct 2024 16:12:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232329-non-agency-mbs-face-complications-from-hurricanes</link>
    </item>
    <item>
      <title>Upswing in Scratch-and-Dent Securitizations</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of non-agency MBS backed by scratch-and-dent mortgages to date this year has surpassed issuance through all of 2023.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232353</guid>
      <pubDate>Thu, 10 Oct 2024 16:07:25 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232353-upswing-in-scratch-and-dent-securitizations</link>
    </item>
    <item>
      <title>Stable Forecast for Residential MBS; CMBS, Not So Much</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Fitch Ratings sees relatively smooth sailing for residential MBS this year while times are tough in the CMBS market, and the worst could be yet to come.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231516</guid>
      <pubDate>Thu, 11 Jul 2024 16:07:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231516-stable-forecast-for-residential-mbs-cmbs-not-so-much</link>
    </item>
    <item>
      <title>GSE-Eligible Loans Flowing Into Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Close to half of the prime non-agency MBS volume in the market since early May has been in GSE-eligible mortgages. Rocket Mortgage is the latest issuer with a GSE-eligible offering, including a number of loans with eNotes.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231288</guid>
      <pubDate>Thu, 13 Jun 2024 17:20:50 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231288-gse-eligible-loans-flowing-into-non-agency-mbs</link>
    </item>
    <item>
      <title>Goldman to Enter HELOC Securitization Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Goldman is a leading issuer of prime non-agency MBS and an issuer of expanded-credit deals. The firm aggregates loans from various lenders for securitization.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231157</guid>
      <pubDate>Thu, 30 May 2024 17:09:17 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231157-goldman-to-enter-heloc-securitization-market</link>
    </item>
    <item>
      <title>Unsuccessful GSE Loans Packaged in Non-Agency MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[loanDepot is preparing to issue a non-agency MBS stocked with scratch-and-dent mortgages.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230838</guid>
      <pubDate>Thu, 25 Apr 2024 16:38:28 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230838-unsuccessful-gse-loans-packaged-in-non-agency-mbs</link>
    </item>
    <item>
      <title>Home Equity Securitization Shifts to Second Liens</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Securitization of home equity loans increased again in the first quarter, driven by closed-end second liens. Issuance is growing exponentially, helped by nonbanks and investor demand. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230760</guid>
      <pubDate>Thu, 18 Apr 2024 15:59:51 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230760-home-equity-securitization-shifts-to-second-liens</link>
    </item>
    <item>
      <title>Credit Ratings Give RTL Securitizations a Leg Up </title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Ratings for MBS with residential transition loans are helping to increase investor demand.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230405</guid>
      <pubDate>Thu, 07 Mar 2024 16:47:58 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230405-rtl-securitizations-peaking-investor-interest</link>
    </item>
    <item>
      <title>Standardization Needed to Boost Demand for CDFI Loans</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[A New York Federal Reserve study found that the secondary market loan sales could help boost capital at CDFI-approved lenders.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230065</guid>
      <pubDate>Thu, 01 Feb 2024 16:50:59 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230065-standardization-needed-to-boost-cdfi-loan-interest-on-the-secondary-market</link>
    </item>
    <item>
      <title>Figure Closes Out Year with Two HELOC Securitizations</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Figure is expected to issue its third HELOC MBS of 2023 and will provide loans to an upcoming Saluda Grade issuance.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/229696</guid>
      <pubDate>Thu, 14 Dec 2023 17:59:30 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/229696-figure-closes-out-year-with-two-heloc-securitizations</link>
    </item>
    <item>
      <title>Jumbo MBS Sector Active at Start of Fourth Quarter </title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[New jumbo issuance from Chase, Goldman Sachs and Redwood Trust kick off the fourth quarter.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/229188</guid>
      <pubDate>Thu, 19 Oct 2023 16:50:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/229188-jumbo-mbs-issuance-perks-up</link>
    </item>
    <item>
      <title>First Republic’s Ties to the Non-Agency MBS Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[At one point, First Republic Bank was a major contributor to non-agency MBS. In recent years, the bank retained its production, though JPMorgan Chase could move to sell the loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227715</guid>
      <pubDate>Thu, 04 May 2023 14:28:05 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227715-first-republics-ties-to-the-non-agency-mbs-market</link>
    </item>
    <item>
      <title> Rising Interest Rates Reshape Non-Agency MBS Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Prime jumbos are unlikely to account for the majority of non-agency MBS issued this year, a first for the products since the time before the financial crisis. Non-QM MBS issuance is holding up better and second-lien securitizations are building some momentum.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227131</guid>
      <pubDate>Thu, 02 Mar 2023 17:26:38 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227131-rising-interest-rates-reshape-non-agency-mbs-market</link>
    </item>
    <item>
      <title>New Issuers Enter Expanded-Credit MBS Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[AB CarVal Investors and Ares Management are in the market with separate expanded-credit MBS, marking the first time either firm has offered that type of MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227056</guid>
      <pubDate>Thu, 23 Feb 2023 16:49:50 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227056-new-issuers-enter-expanded-credit-mbs-market</link>
    </item>
    <item>
      <title>RMBS Outlook Dour, Performance Good Though</title>
      <author>smanas@imfpubs.com</author>
      <description>
        <![CDATA[KBRA said that third-quarter MBS issuance volume didn’t meet its expectations and will drop rapidly in the coming year. Meanwhile, both DBRS and Moody’s noted that performance is stabilizing. ]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/226327</guid>
      <pubDate>Wed, 23 Nov 2022 12:37:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/226327-rmbs-issuance-looks-dour-deals-still-performing</link>
    </item>
    <item>
      <title>Non-Agency MBS Market Thuds to Ground in 3Q22</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Production of non-agency MBS suffered a third-straight sharp decline in quarterly issuance. The biggest hit was in the prime RMBS sector, where jumbo securitization dropped and GSE-eligible activity nearly disappeared.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/225918</guid>
      <pubDate>Thu, 13 Oct 2022 16:31:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/225918-non-agency-mbs-market-thuds-to-ground-in-3q22</link>
    </item>
    <item>
      <title>Expanded-Credit MBS Market Adjusting After Rise in Interest Rates</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of expanded-credit MBS flowed in the first half of the year even as lenders grappled with higher interest rates. Issuance is expected to slow as lenders work to establish a new supply of loans with higher interest rates.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/224763</guid>
      <pubDate>Thu, 02 Jun 2022 16:30:44 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/224763-expanded-credit-mbs-market-adjusting-after-rise-in-interest-rates</link>
    </item>
    <item>
      <title>Modifications Not Enough to Avoid Downgrade of Warehouse Deals</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Moody’s downgraded some of the tranches in loanDepot’s outstanding warehouse financing securitizations even after the company modified the transactions’ governing documents to meet new criteria.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/224559</guid>
      <pubDate>Thu, 12 May 2022 17:32:29 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/224559-modifications-not-enough-to-stave-off-downgrade-of-warehouse-deals</link>
    </item>
    <item>
      <title>Rising Rates Taking a Bite Out of Expanded-Credit MBS Issuance</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of expanded-credit MBS slowed in April after a surge in the first quarter. Rising interest rates played a role in both moves.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/224435</guid>
      <pubDate>Thu, 28 Apr 2022 17:06:59 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/224435-rising-rates-taking-a-bite-out-of-expanded-credit-mbs-issuance</link>
    </item>
    <item>
      <title>Non-Agency MBS with GSE-Eligible IPLs Facing Some Pressure</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Most companies that issued non-agency MBS with GSE-eligible investment-property loans during the fourth quarter haven’t offered similar deals thus far in 2022.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/224049</guid>
      <pubDate>Thu, 17 Mar 2022 17:10:57 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/224049-non-agency-mbs-with-gse-eligible-ipls-facing-some-pressure</link>
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