Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...

Risk layering remains uncommon on the new breed of expanded-credit mortgages…

LoanStream was already originating nonprime mortgages via retail and wholesale outlets...

Fix-and-flip financing has gradually increased each year since 2011…

Among the nation’s top 20 servicers at Sept. 30, Freedom Mortgage had the largest increase its MSR balances...

PIMCO, which controls FGMC, is no stranger to the non-QM market…

Nierenberg, a former Bear Stearns executive, stressed that New Residential is going to be relatively conservative with its underwriting standards for non-QMs.

Impac’s share price fell to a new 52-week low Monday: $5.10.

The nonprime sector has split off from jumbo, and there are now roughly 70 investors in the sector.

Trends in underwriting expanded-credit mortgages differ from what’s happening in the broader market, according to a new analysis by Inside Nonconforming Markets. Lenders have generally started to loosen standards for debt-to-income ratios and loan-to-value ratios as originations decline and the product mix shifts from refinances to purchase mortgages. However, in the expanded-credit market, credit characteristics were largely stagnant in the past year ... [Includes one data chart]