Mortgage bankers not affiliated with depository institutions owned mortgage-servicing rights for $1.363 trillion of loans backing Ginnie MBS, or a stunning 67.8% of the market.

Other non-agency MBS in the pipeline include offerings backed by reperforming mortgages...

Warehouse credit flows downhill: from the financier to the nonbank lender to the consumer. But with the pandemic stoking new economic fears, some providers are tightening their standards, like market leaders JPM and FH.

First Horizon wants FICOs of at least 670 and will only provide credit on conventional and government loans.