First Republic Bank originated $1.90 billion of IOs in the second quarter of 2017, ranking first nationwide.

Ocwen suggests that other mortgage firms are being investigated by the SEC for their use of collection agents...

Kroll Bond Rating Agency projects that about $11.0 billion of prime non-agency MBS will be issued this year…

“Today we can definitely say we know everything about that borrower,” said Steven Schwalb of Angel Oak…

The MBS is backed by 3,548 mortgages that have seasoned for more than 11 years, on average.

SG has been an investor in nonprime/non-QM loans and has even issued unrated deals…

Two of the most active originators of nonprime loans that don’t meet the qualified-mortgage test are working on new MBS deals, though market timing is a little uncertain at this point. Mike Fierman, managing partner of the Angel Oak Companies, said the Atlanta-based company has a transaction on the drawing board, but noted that the two recent hurricanes have slowed progress. “As a result … we are taking steps to re-verify the condition of all properties and are offering borrowers assistance if necessary,” said the managing partner. Fierman noted...

Social Finance, a former fintech darling, has been through the ringer of late: cofounder, CEO and “brain” Michael Cagney resigned midmonth amid sexual harassment allegations and other top executives have departed as well, raising questions about the company’s direction – and future. SoFi, as it’s known, was a “disruptor” of sorts in the financial services arena, refinancing student loans made to millennials at cheaper rates and then securitizing the paper. Over the past 18 months, the privately held startup has been...

The easing of underwriting standards was most dramatic for loans eligible for sale to Fannie Mae and Freddie Mac…

S&P rated $69.54 billion of ABS issued in the first half of the year, roughly 60.1 percent of total issuance by dollar volume.