Some players in the market hoped that once the QM patch expired a significant amount of originations would shift from the GSEs to the non-agency market. But those hopes are fading...

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…”

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...

A top Justice Department official said the memorandum of understanding gives depository institutions the confidence they need to participate in the FHA program…

But there were some hiccups in the overall trend. For starters, refi loans originated in the retail channel actually had slightly lower average credit scores than correspondent- and broker-originated refinances…

Presale reports for 15 deals totaling $6.07 billion have been published this month, and more transactions are in the works.