Trade groups representing nonbank servicers are in favor of the CSBS’ proposal, saying it would apply uniformly across states with some differentiation between the largest servicers and others.
The comeback in the July-to-September period was led by JPMorgan Chase, which brought $2.12 billion of prime non-agency MBS to the market spread across four deals...
Issuance of prime non-agency MBS more than doubled in the third quarter. Thanks to new production, expanded-credit MBS remained the top source of non-agency MBS, though issuance is slowing. (Includes data chart.)
The Financial Stability Oversight Council’s review of the secondary mortgage market focused solely on the GSEs. Bottom line: Regulators endorsed con-servative capital requirements recently unveiled by the FHFA.
More than $40 billion of jumbos originated in 2019 were non-QMs because they had DTI ratios greater than 43%. Many of the loans would be QMs if they were originated under the CFPB’s proposed QM standards. (Includes data chart.)