Among a group of 20 prominent nonprime servicers, portfolio balances increased by 0.3% during the fourth quarter of 2022. Prepayment rates on non-QMs are low and delinquencies are rising.

Impac’s CashCall unit will provide leads on non-QMs to mortgage brokers. The lender is also closing its third-party originations unit.

The REIT stopped acquiring non-QMs during the fourth quarter as interest rates fluctuated and demand in the secondary market waned.

MISMO is working to update data fields established by the American Securitization Forum in 2009 for use in the non-agency MBS market.

Non-agency MBS issuance update; PennyMac launches jumbo product; Fitch affirms A&D’s servicer rating, Redwood increases staff.

The nonbank originates non-agency business-purpose loans and is considering M&A opportunities beyond the sector.

Questions raised by the Fed prompted big banks to pause CRT issuance. Also, CRT issuance by the GSEs is expected to slow in 2023.

After undertaking drastic leadership changes in December, Chimera is now looking to expand its investments beyond reperforming loans.

FDIC monitoring commercial MBS performance; MISMO to update ASF data standards; ACC subprime auto ABS servicing update.

To gain ground in a tough origination market, Rocket has set its sights on purchase-mortgage borrowers while United Wholesale is focusing on margins.