Nearly 12% of loans were underwritten using only one month of bank statements as the main source of income verification.

Although the REIT will avoid non-QM assets this year, it believes the market for the product will continue to grow...

Attorney Andi Mandell: “They want to buy and there’s not a whole lot out there.”

Following President Trump’s inauguration in 2017, the Department of the Treasury played an active role in developing the FHLB plan to buy Freddie Mac...

A JPMorgan Chase official noted that Fannie Mae and Freddie Mac can complete credit risk transfer deals and nonbanks have options as well, but banks? Not so much...

It was standing room only on Sunday at a panel discussion on the basics of securitizing mortgage servicing rights.

The FHFA in September increased the cap on Fannie’s and Freddie’s multifamily lending to $100 billion each through the end of 2020, with at least 37.5% of their business earmarked for affordable housing.

In general, lenders and issuers are anticipating another strong year for originations but less than the $2.375 trillion the industry funded in 2019.

Bank of America added $9.13 billion to its MBS portfolio, which nearly matched the $9.60 billion increase for the entire industry.

Moody's believes that relying on less than 12 months of a borrower's bank statements increases the risk a non-QM loan may not meet the CFPB's standards...