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Home » Topics » IMFnews » Nonconforming

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The Decline in Home Equity Lending Continues Unabated

March 17, 2022
Dennis Hollier
There's been scattered talk that some nonbanks might soon launch second-lien products...
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A Huge Non-QM MBS From ICP

March 17, 2022
Brandon Ivey
In general, non-QM lenders are expecting strong originations in 2022 but...
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Wholesale Giant UWM Branches Out Into Bank Statement Loans

March 16, 2022
Brandon Ivey and Paul Muolo
UWM first dipped a toe into the non-QM market in December 2021, launching an interest-only offering...
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Lower Profits for Angel Oak's REIT. Reason: Higher Rates

March 16, 2022
Brandon Ivey
For the full year, the REIT's profit totaled $21.1 million. Its assets increased to $2.57 billion at Dec. 31, compared to just $509.6 million at yearend 2020.
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Secondary Market Demand In Flux for Non-QMs

March 15, 2022
Brandon Ivey and Paul Muolo
What caused the recent glut in non-QM paper? Supply and demand...
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As Refinances Ebb, Originators Turn to New and Little-Used Products

March 14, 2022
Brandon Ivey
Mountain America recently launched a one-time-close loan, which can be used for home construction or renovations.
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PE Firm Hungry to Consolidate Fix-and-Flip Lenders

March 11, 2022
Paul Muolo
Mark Filler: “We’d like to buy at least a half-dozen mid-sized lenders and consolidate them.”
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A Strong 4Q for Non-Agency Lender Velocity Financial

March 11, 2022
Brandon Ivey
Velocity sources its production through mortgage brokers.
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Impac Posts 4Q21 Profit but CEO Strikes Cautious Tone

March 11, 2022
Paul Muolo
Impac's CEO said the first quarter of 2022 introduced "increased volatility and heightened market awareness of non-transitory inflation, and credit and liquidity risk brought on by geopolitical events."
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Non-Agency Offsets Stumble in Fannie/Freddie Jumbo Market

March 10, 2022
John Bancroft
The conforming-jumbo business saw a modest setback in 2021...
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