A big boost in UWM's originations led to an increase in the broker share of the nonconforming market in the first quarter of 2024.

Changes in underwriting standards for non-QM loans are a slippery slope, according to investors.

About 45% of Redwood's secondary-market partners are banks...

Many of the top depository institutions reduced their production in the first quarter.

Harris Trifon, a partner and portfolio manager at Lord Abbett, an investment management company, said non-QM delinquencies are not “raising alarm bells” for him.

The mortgage delinquency rate declined to 3.04% as of the end of May, down from 3.09% at the end of April, according to Intercontinental Exchange.

The CFPB issued a proposed order that would require Freedom Mortgage to pay a $3.95 million penalty for submitting “error-riddled” data under HMDA.

The Federal Reserve reported $445.78 billion of non-agency MBS outstanding at the end of March, up 2.6% from December.

Home prices are slowing and an expected decline in interest rates could prompt further changes in the trajectory of home prices.