Wells Fargo and PNC Bank posted sharp declines in repurchases from the second quarter, though their year-to-date volumes were up from the first nine months of 2021. (Includes data chart.)

Even repeat, more experienced buyers reported getting only one mortgage quote, according to a new Fannie Mae survey.

Non-QMs account for nearly 60% of the dollar volume of Western Alliance Bank’s second credit-risk transfer transaction of the year.

The rating agency says CDFIs are “well positioned" to face the coming headwinds...

Among the top 10 players in the sector, seven increased their nonprime portfolios from the second to the third quarter.

Will more depositories abandon the wholesale channel?

If lenders want to set themselves apart in an increasingly competitive purchase market, they will have to become experts in the non-QM space, according to officials at Deephaven Mortgage.

Nonprime servicing portfolios increased by 1.7% in the third quarter and 7.5% year-over-year. Only three of the top-10 players in the sector saw volumes decline from the second to the third quarter. (Includes data chart.

The partnership will allow CrossCountry Mortgage to grow its non-qualified mortgage originations. Terms of the deal weren’t disclosed.

The adjustable-rate mortgage share of total production increased slightly in the third quarter, even though originations of the product drastically declined. (Includes data chart.)