With the non-QM market heating up, opportunities abound for whole loan trading desks, with firms such as Incenter, MIAC, RAMS Mortgage Capital and Situs AMC playing a key role.

PIMCO is set to issue a non-agency MBS with loans sourced from non-QM deals issued by Lone Star Funds. The older MBS were subject to clean-up calls, allowing PIMCO to re-package the loans.

David Applegate is stepping down as CEO of Common Securitization Solutions, the platform that launched the uniform MBS.

The “GSE patch” news is a week old now, but the ramifications are still unclear. One big wild card: the election of a Democrat president.

Several firms are interested in using blockchain in MBS and ABS but rating services suggest implementation is years away.

June was an exceedingly strong month for MBS activity with the average trading volume reaching $267 billion, according to SIFMA. But next week all eyes will be on the FOMC: Will the central bank hike or not?

Fresh off its sale announcement, Deephaven Mortgage is rolling out a $439.9 million MBS backed mostly by non-QM loans. Meanwhile, with rates falling and originations in the sector remaining strong, other lenders are planning such deals as well.

Non-agency MBS backed by seasoned collateral, mostly nonperforming and re-performing loans, accounted for 54.3% of new issuance in the second quarter. Securitization of newly originated loans slipped 13.5% from the previous period.

With interest rates falling, refis have spiked, creating a wave of principal pre-payments that the Fed has used to cut its MBS holdings.