The evidence is somewhat suspect because as the analysts noted, the 43 percent cap on DTI ratios for QMs doesn’t currently apply to the FHA, VA or GSE mortgages.

The supply of home mortgage debt outstanding started growing again during the second quarter of 2015, thanks to relatively strong growth in retained portfolios, according to an Inside Mortgage Finance analysis of new data from the Federal Reserve and other sources. The Fed reported late last week that $9.901 trillion of single-family mortgage debt was outstanding as of the end of June. That was up 0.4 percent from March and represented the biggest supply of mortgage servicing since the third quarter of 2013. The servicing market had been shrinking...[Includes two data tables]

Ocwen has so many workers in India that it hedges its risk against the currency there, the Rupee.

“It was a great channel for some time, but the competitive landscape is expanding rapidly,” said one executive at the company.

Among the industry-supported provisions is expanded small-creditor definition.

Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.

Loan officers, it seems, are more willing to work on agency-eligible mortgages because they know the transactions have a good chance of closing, but non-QMs are a different matter.

Mortgage securitization rates in 2015 are still low compared to last year, but some of the decline is likely due to the lag between primary market origination and MBS issuance. For the first six months of the year, new MBS issuance represented 73.8 percent of total originations, according to a new Inside MBS & ABS analysis. That’s down from a 75.4 percent securitization rate for all of 2014. Securitization rates are...[Includes one data table]

Last week, Angel Oak Mortgage Solutions was slated to issue a roughly $150 million security backed by nonprime mortgages, an event that promised great things for both the company and the non-agency market. But then nothing happened, or so it appears. Two weeks after confirming to Inside MBS & ABS and another news organization that a new nonprime security was definitely ready to price, the company – and its underwriter, Nomura Securities – has suddenly stopped talking about the deal, both publicly and privately. One source who has held meetings with executives at both firms said...

PHH Mortgage – which handles originations for a number of financial firms on a private-label basis – was the largest IO lender in the nation with $7.19 billion funded during the first half.