Mark Fair, an associate vice president and senior portfolio manager at Venerable, a life insurance company, said he’s “very constructive” on the non-QM market.

“Modernizing and providing more clarity on structuring marketing services agreements and affiliated business arrangements and making it easier for lenders to market digitally to consumers would spur greater competition, increase consumer choices and lower settlement costs without compromising core protections,” Bob Broeksmit, president and CEO of the MBA, said in the trade group's white paper on RESPA reforms.

Annaly says it increased its holdings of agency MBS with higher coupons during the third quarter.

Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.

To this point, many of the jumbos Citi’s correspondent unit originates have been held for investment by Citi rather than delivered into the secondary market.

Noncore products are loans in which the non-agency market competes with the GSEs.

Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.

Some $93.98 billion of non-agency MBS was issued year-to-date through September, putting the market on track for its best year since 2021.

Applications for refis declined by 26% last week.

Maxex said the new guidelines should reduce the number of sales stymied by loan conditions and establish faster turn times for sales.