Most lenders are confident non-QM lending will bounce back to pre-pandemic levels thanks to strong demand for purchase mortgages.

The powerful consumer regulator said extending the compliance date of the general QM final rule will give lenders more time to use the GSE “patch.”

Some non-QM lenders weathered market volatility in March 2020 without halting production while others took a few months off. Now, two of the top players in the sector are ready to increase production.

Volatility in the secondary market for non-QMs receded within two months but originations are still nowhere near pre-pandemic levels. Reason: lenders focusing on agency refis.

The new standards for qualified mortgages will provide lenders more underwriting options. But how much change that will bring in product market share remains to be seen.

Primary/secondary spreads are thinning. Meaning? Also, former Fannie executive Andrew Bon Salle lands at Home Point right before its IPO.

QM status will no longer be tied to whether a loan is eligible for sale to the GSEs, potentially prompting a shift toward non-agency mortgages.

A tale of two mortgage stocks: A hedge fund buys into Flagstar while a PE firm backs away from Impac.

Wells Fargo, which exited the correspondent channel for jumbo mortgages in April, is still not sure if or when it will resume originating the product through the platform.

Originations of expanded-credit mortgages are up in 2020 despite a pullback by nonbanks that dominated the top-10 lender ranking in 2019. The increase this year was led by banks.