One-third of homeowners say they are currently refinancing or likely to refinance within the next two years.

The portfolio, with a $555 million unpaid principal balance, is being sold by an unidentified nonbank.

Poor quality appraisals and weak due diligence controls are leading to growing concern about appraisal values for non-QMs.

New investors include firms in Asia and Europe.

International players and smaller insurance companies are expected to increase their investments in expanded-credit MBS.

Delinquencies on non-qualified mortgages have increased, but lenders say the performance of the loans should hold up in the long run.

A Michigan court held United Wholesale Mortgage in civil contempt and ordered the company to present its CEO for a deposition as part of an ongoing lawsuit regarding the company’s “all-in” initiative.

Recent changes by the NAIC and worsening conditions in the commercial real estate market have led insurance companies to devote more capital to non-QMs.

Non-QM investors prefer disciplined originators, instead of lenders who scale quickly even if it causes additional risk.

Two Harbors disclosed today that it discussed options with UWM CEO Mat Ishbia during a Zoom call on Thursday. However, no new offer was submitted ahead of the Friday deadline.