Nonconforming

Top Interest-Only/Option ARM Producers

Ranking of the top interest-only/option ARM lenders by volume in dollars and market share. Includes the percentage of the lender's total originations nontraditional mortgages comprise as well as option ARM, interest-only ARM and interest-only FRM volume, as well as estimated totals for all lenders. Data available from 2006-2008.

2008 Data

2007 Data

2006 Data

Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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Housing Pulse