While traditional non-agency jumbo lending lagged the overall market, the conforming-jumbo business was cracking. Fannie Mae, Freddie Mac and Ginnie Mae securitized $51.15 billion of single-family loans above last year’s $484,350 limit for one-unit properties.

Nearly 12% of loans were underwritten using only one month of bank statements as the main source of income verification.

DoubleLine Capital is now a “strategic investment partner and minority shareholder” in OptionWide Financial, a lender that focuses on non-QMs.

Although the REIT will avoid non-QM assets this year, it believes the market for the product will continue to grow...

Officials at Redwood noted that gross margins on the issuance of mortgage-backed securities and whole loan sales improved as well.

Will a Democratic victory be the death knell for GSE reform?

Non-agency jumbos accounted for 17.4% of originations in 2019, up slightly from a 17.2% share the year prior...

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...

The IPO market remains closed to 'A' paper nonbanks, but that's not the case when it comes to non-QM originators...

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...