A strategic plan from FHFA includes proposals to help the non-agency secondary market better compete with Fannie Mae and Freddie Mac.

Redwood’s mortgage banking income decreased in the third quarter as falling interest rates lessened demand for MBS. Execution rebounded in October after interest rates increased.

Wells Fargo is set to issue its second-largest post-crisis prime non-agency MBS while PIMCO has a deal backed by seasoned mortgages.

JPMorgan Chase Bank issued a deal this month that looks like it will meet requirements for favorable capital treatment by the OCC. The transactions could prompt similar issuance by other banks.

A proposal by the FDIC to decrease disclosure requirements for certain non-agency MBS issued by banks largely found support from industry participants. However, MBS investors and consumer advocates raised concerns.

The $490 million acquisition of CoreVest, a major player in the single-family rental market, will help Redwood diversify its revenue sources.

Presale reports for nearly a dozen non-agency MBS have been published in the last two weeks, including three deals from JPMorgan Chase.

JPMorgan Chase Bank has created a synthetic credit-linked note to transfer credit risk on a pool of jumbo mortgages. Unlike traditional MBS, loans in the transaction will remain on the bank’s balance sheet.

After contributing loans to various prime non-agency MBS in recent years, Quicken Loans is set to issue the first deal on its own shelf.