“Morgan Stanley lied about the risk of its products and put profits over teachers and public employees who relied on its advice,” according to California Attorney General Xavier Becerra.

At Dec. 31, MetLife held approximately $11.74 billion in whole loans. In the past, the life insurer had focused on seasoned mortgages, but two years ago started buying newly-originated prime and near-prime mortgages.

Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...

Founded in 2015, Verus Mortgage has notched 10 rated non-QM MBS deals...

A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. 

The Ditech financial hole just got bigger...

360 Mortgage is focusing on non-owner-occupied investment properties, which aren't subject to ability-to-repay requirements...

Some 98 lenders contributed mortgages to the $369.73 million nonprime MBS, though only one was identified by rating services.

Industry analysts expect the mini-boom in non-QM and EC MBS to continue...