Pandemic-related market volatility in March dampened non-agency jumbo lending more than other sectors in the mortgage business. Conforming-jumbo production also fell sharply in the first quarter but began regaining momentum in April. (Includes three data charts.)

Two top non-QM lenders have resumed activity but with fewer products and tighter underwriting. The secondary market is also reopening.

Impac Mortgage Holdings is about to unload what’s left of its MSR assets. Meaning?

In a sign of hope for the non-QM market, Sprout Mortgage resumed offering expanded-credit products last week.

Warehouse credit flows downhill: from the financier to the nonbank lender to the consumer. But with the pandemic stoking new economic fears, some providers are tightening their standards, like market leaders JPM and FH.

According to independent mortgage bankers, aggregators are adding credit overlays and refusing to buy loans in response to post-closing forbearance risk.

Wells Fargo has temporarily halted jumbo production through correspondent sellers while Chase, the other major player, is still active.

Amid the chaos in the financial market, originations of jumbo mortgages at big banks continue while non-QM lenders are laying off staff.

As the economic crisis precipitated by the coronavirus heats up, residential lenders have tightened their underwriting guidelines.

The mortgage market remained unsettled as the coronavirus damaged the U.S. economy and lenders weighed their options. The Fed came to the rescue with liquidity measures but fears regarding nonbanks persist.