U.S. Bank, a major trustee in the non-agency MBS market, was looking for guidance from a New York court.

The CFPB and DOJ issued a statement on denials of credit based on an applicant's immigration status.

Both the FHA and VA programs saw increases, but the bulk of the growth in Ginnie issuance in the third quarter came from FHA loans.

The latest non-agency MBS from A&D Mortgage and Redwood Trust are larger than the previous issuance by the firms.

Ginnie is offering flexibility for pooling reperforming loans in MBS.

NPL sales by the GSEs declined by 66% on an annual basis in 2022.

The structured finance market produced $396.17 billion of new issuance in the third quarter, down 4.5% from the second quarter.

“The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.

Buydowns are concentrated on GSE mortgages with coupons of between 5.0% and 6.5%...

The top three issuers of non-agency MBS in 3Q23: JPMorgan Chase, Onslow Bay Financial and Invictus Capital...