Most of the other top players in the non-QM sector returned to the market within months of the COVID-related disruption...

“Right now business is good,” said Managing Partner and Co-CEO Mike Fierman…

After a disruption in March 2020, originations of non-QMs might return to pre-pandemic levels later this year...

Chase is set to issue one of the largest post-2010 prime non-agency MBS with new production while Credit Suisse has a smaller non-QM deal with somewhat seasoned mortgages.

Some $7.29 billion of non-agency MBS was issued during the fourth quarter, down 41.5% on a sequential basis.

Loan application activity is typically slow in early January following the holidays. Not this year, according to officials at Wells and PCMA.

For all of 2020, non-agency MBS issuance totaled $90.23 billion, down 20.0% from the year before...

The facility allows for originations of jumbo mortgages along with conforming loans.

Corina Gonzalez, a senior vice president at DBRS, believes it will take time for the new standards to prompt changes in the origination equation.

According to figures compiled by Inside Mortgage Finance, SoFi sold roughly $1.9 billion of home mortgages to Fannie Mae in 2020, including $670 million in the fourth quarter alone.