MFA Financial, Rithm Capital and Annaly Capital Management all started marketing new non-agency or jumbo MBS deals this week.

A cooling job market is good news for the prospect of interest rate cuts.

Issuance of non-agency MBS looks to pick up after a slow period before Labor Day.

In the long run, mortgage brokers and real estate agents believe the NAR commission settlement will boost business.

Among a group of 20 prominent nonprime servicers, portfolios increased by 0.6% in the second quarter.

Brian Devlin, president and CEO of Arc Home, said investor appetite for non-QMs is the strongest it’s ever been.

ARMs accounted for 13.6% of first-lien originations in the second quarter of 2024 compared to 11.7% in the first quarter.

Overall nonprime mortgage servicing portfolios remained steady in the second quarter despite some sizeable increases at some servicers. (Includes data table.)

Strong returns post-2008 have led investors to increasingly consider non-qualified mortgage loans for their portfolios.

Investor demand for non-QMs is outpacing originator production, according to industry experts who spoke last week at the California MBA western secondary market conference.