The retail channel remained the largest source of nonconforming loans, though the channel’s market share dropped in the first half of 2024.

Currently, a handful of states have specific regulations for HEIs and federal oversight is limited as the Consumer Financial Protection Bureau is evaluating the market.

An affiliate of JPMorgan Chase was the winning bidder on an auction by Freddie Mac of nonperforming loans with a balance of $188.3 million.

Fitch Ratings remained the top player for rating non-agency MBS in the second quarter of 2024 but the firm lost some market share.

Fairway Independent Mortgage Corp. established a $1.0 million fund to help with the recovery from Hurricane Helene.

Conforming loan limits for the upcoming year are usually announced by the FHFA in late November.

Non-QM impairments continued to climb in July and August, dv01 said.

Banks continue to dominate home equity lending, but some nonbanks have made big moves, including Rocket Mortgage.

Refis accounted for 55.7% of mortgage applications last week.

The revamped rules allowed lenders to use a wider variety of standards to meet ATR and qualified-mortgage requirements while also introducing some uncertainty on whether specific loans comply with ATR standards.