Insurance companies and European investors have shown a growing interest in MBS backed by expanded-credit mortgages. However, there is not enough supply to meet demand.

Ed DeMarco, the former acting director of the FHFA, was among a handful of panelists at the SFVegas conference this week who called for more standardization in the non-agency MBS market.

Select Portfolio Servicing remained the largest nonprime mortgage servicer at the end of 2023. Delinquencies in the sector are climbing. (Includes data table.)

Home equity investments have seen considerable homeowner interest due to high interest rates, but industry participants said more investor support is needed to meet homeowner demand.

Redwood reported $21 million in net income in the fourth quarter, bouncing back after posting a $31 million loss in the third quarter.

New benchmarks point to improved underwriting standards compared with collateral in non-agency MBS prior to the financial crisis of 2008.

Premier Lending will use the new FICO 10 T scoring model for its nonconforming originations.

Finance of America to issue MBS backed by jumbo reverse mortgages; Aslan teams with Calque; 5th Street Capital licensed in Wyoming.

Despite significant changes following 2008, the non-agency market still only makes up a small portion of total MBS issuance.

Higher vehicle prices and inflation are reducing auto lending to subprime borrowers and lifting the prime sector’s share of ABS issuance.