AG Mortgage Investment Trust lodged a competing bid for Western Asset Mortgage Capital; Fannie, Freddie, Ginnie added to MBS disclosures; RMF sold some reverse mortgage MSRs.
The Mortgage Industry Standards Maintenance Organization released its private-label residential MBS specifications, aimed at making it easier for ratings services to review MBS.
A-paper nonbanks searching for an origination life raft have discovered second liens. And now some top-ranked non-QM shops are ready to enter the arena, like Angel Oak.
The new connections and funding are designed to make the loan trading platform available to more sellers, particularly those that focus on agency business.
A suggestion for limiting interest rate risk at banks; tighter spreads for Fannie’s new CRT; Victory Park Capital launches structured finance unit; and more.
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