Production of non-agency jumbo mortgages declined significantly in the first quarter of 2018, according to a new ranking and analysis by Inside Nonconforming Markets.

Mortgage-backed securities investors remain interested in non-qualified mortgages, though the hot market may be cooling off.

The higher delinquency rates on FHA/VA loans are likely tied to hurricanes that struck select markets last fall.

Packaging the loans into a non-agency MBS suggests that Flagstar expects better execution in the non-agency market than from delivering the mortgages to Fannie Mae or Freddie Mac.

Moody’s detailed profitability levels for four large private nonbanks: Freedom Mortgage, Provident Funding Associates, Quicken Loans and Stearns Lending.

Lenders estimated that ATR/QM added $139 per loan to their ongoing origination costs.

Starwood Property Trust, a REIT largely focused on commercial mortgages, has been stockpiling non-QMs…

Flagstar says the problem is exacerbated by a lack of inventory in certain geographic markets…

New CEO George Mangiaracina said the nonbank’s servicing portfolio is serving as a counter-cyclical balance to declining originations…

Cordray was never popular in the mortgage industry because of all the regulations he heaped on lenders and servicers...