The MBA noted that buyouts are capital intensive and can create liquidity stress for nonbanks, which don’t have large balance sheets to hold nonperforming loans for an extended period.
After explosive growth in the second quarter, originations of adjustable-rate mortgages failed to keep pace with overall originations. (Includes data table.)
Correspondent lenders took some market share from both the retail and broker channels in the nonconforming market in the third quarter. (Includes two data tables.)