“Will we see the loanDepots of the world jump in?” he asked rhetorically. “There’s a lot of top lenders out there looking for innovative products to offer,” Pollock noted and left it at that.

The deal was six-times oversubscribed, a positive for this young market...

The credit enhancement on the triple-A bonds is a hefty 34.9 percent, according to KBRA.

The fear is that if the GSE patch were to expire mortgage lending in the industry might be constrained.

Some $247.0 billion of subprime mortgages were outstanding at the end of the first quarter of 2017, according to estimates by Inside Nonconforming Markets.

TD Bank is by far the biggest bank investor in card ABS, and in ABS overall, but its $12.71 billion portfolio of card ABS was down some $702.6 million from December.

Commercial banks and thrifts continued to have modest interest in holding non-mortgage ABS during the first quarter of 2017, according to a new Inside MBS & ABS ranking and analysis. The banking industry held $123.43 billion of ABS in its held-to-maturity and available-for-sale investment portfolios at the end of March. That was down 0.3 percent from December. The overall supply of ABS outstanding, excluding collateralized debt obligations, fell...[Includes two data tables]

“You need a lot of issuers out there and you need more investors,” said Redwood CEO Marty Hughes.

But keep in mind the 'new nonprime' is nothing like the toxic and predatory products of the last decade...

Roughly 10.8 percent of the mortgages were sourced through the Federal Home Loan Banks’ Mortgage Partnership Finance program.