The $608.83 million deal issued by JPMorgan Chase in 2019 is stocked with non-QMs.

The top contributors include Lima One Capital with a 67.0% share and Constructive Loans at 28.4%.

The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.

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...