Issuance of non-agency MBS jumped by more than 80% on a sequential basis in the second quarter of 2021.

The sale of the Champion Mortgage reverse mortgage servicing portfolio allows Mr. Cooper to focus on its core business and improve profitability.

The IPO values Blend at more than $4.0 billion.

Annual home price appreciation in May hit a level last seen in 2005...

Issuance of non-agency securities increased 81.3% in the second quarter of 2021. Volume was boosted by the spike in deliveries of GSE-eligible mortgages following regulatory changes in the agency market. (Includes data chart.)

Trump-era GSE policies that helped boost activity in the non-agency market could be reversed as Biden appointees take charge at the FHFA.

The CFPB scaled back a proposed foreclosure moratorium and declined a request to exempt non-agency loans from the new standards.

Lock volume for planned acquisitions of jumbo mortgages declined in the second quarter at Redwood Trust. Still, officials are optimistic about growth in the non-agency market.

Nearly 70% of the non-QMs originated in 2020 included an IO term, according to a new INM analysis. The top two lenders were banks. (Includes data chart.)