The performance of MBS and ABS isn’t expected to be directly impacted by the fallout of Russia’s invasion of Ukraine in the near term; prepayment rates on agency MBS declined in February.

dv01 looked at loan-level performance data for 1,610 non-QMs with an unpaid principal balance of nearly $800 million...

As the “easy” refis decline, lenders are turning to non-QMs, renovation loans, equity-extraction products and other less common offerings. There are also other moves lenders can make at the beginning of a down cycle, according to industry analysts.

Issuers are packaging primarily delinquent FHA mortgages into non-agency securities...

Issuance of expanded-credit MBS slowed as spreads widened and interest rates increased...

Select Portfolio Servicing remained the largest nonprime servicer at yearend with estimated balances of $133.0 billion...

For weeks, rumors have been festering that Better was planning a huge layoff...

Participants in the sector view the small market share as a sign there’s plenty of room for growth...

The expanded-credit market got back on its feet in 2021 after being knocked down by the coronavirus. Originations were close to pre-pandemic levels and Angel Oak expects its production to double this year. (Includes data chart.)

Firms active in nonprime servicing increased their portfolios by 7.5% on an annual basis in 2021. Servicers also are turning to loan modifications as forbearance plans end. (Includes data chart.)