“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.

In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.

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

While prime non-agency MBS issuance rebounded in the third quarter, the expanded-credit sector remained the predominant source of non-agency issuance. (Includes data chart.)

Proposed capital requirements for large banks would have an impact on high loan-to-value loans to borrowers in underserved communities, according to an analysis by the Urban Institute.

The first rated HEI securitization, brought to the market by Saluda Grade and Unlock Technologies, received a BBB rating from DBRS.

Activity in the sector is expected to pick in the coming months as DBRS is close to establishing criteria to rate securitizations of residential transition loans.

Even with elevated interest rates, some borrowers are opting for cash-out refinances to tap home equity.

Movement Mortgage is the first lender to announce that it will be using FICO Score 10-T for originating non-agency loans.

Two expanded-credit MBS started marketing this week, along with a HELOC securitization.