More than $13.0 billion of non-agency mortgages traded on Maxex’s trading platform in the first 11 months of the year. In all of 2019, $2.7 billion of non-agency product traded on the exchange…
The Consumer Financial Protection Bureau late this week issued two final rules for qualified mortgages: One replaces the 43% debt-to-income ratio with a pricing threshold and the other creates a seasoned QM category.
The correspondent channel accounted for 5.7% of jumbo originations among a group of major lenders tracked by this newsletter, down from 10.5% in 2Q20. The retail channel gained all of that market share. (Includes data chart.)