For the full year, production soared by 42.7% to $216.8 billion, also a record. The driver: Strong refinance volume driven by low interest rates.

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.

As one servicing broker put it: “It’s brutal. No other way to say it…”

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

The IPO market remains closed to 'A' paper nonbanks, but that's not the case when it comes to non-QM originators...

Wade is no stranger to the Department of Housing and Urban Development...

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...