Brandon Ivey

Wells Including Some GSE-Eligible Loans in Non-Agency MBS

February 10, 2020

Wells has issued five non-agency MBS transactions since October 2018. All of the deals have been backed by non-agency jumbos.

UWM Tops Prime Non-Agency MBS Contributors in 2019

February 7, 2020

Brandon Ivey

United Wholesale Mortgage was the top originator of prime mortgages securitized in non-agency MBS in 2019. Underwriting characteristics for the sector loosened modestly.

CFPB’s QM Proposal Could Reduce Non-Agency Business

February 7, 2020

Brandon Ivey

The bureau’s plan to replace the QM patch could reduce the volume of mortgages that flow into the non-agency market, according to analysts. The CFPB is working to avoid disruption to GSE-eligible originations.

Mixed Trends in Jumbo Originations at 3 Banks in 2019

February 7, 2020

Brandon Ivey

First Republic Bank enjoyed a record year for originations while jumbo production declined at Flagstar Bank and Axos Financial. The banks noted that competition suppressed originations.

Ashmore’s Vista Point Ramping Up Non-QM Aggregation

February 7, 2020

Brandon Ivey

Vista Point Mortgage received an assessment by S&P, which suggests the firm is aggregating non-QMs with plans to contribute to non-agency MBS. The firm was founded by the former president of Impac Mortgage.

LIBOR Transition Complicated for Non-Agency Mortgages

February 7, 2020

Brandon Ivey

There are no easy solutions as servicers work to move non-agency ARMs from LIBOR to a different reference rate.

Sterling Prepping New Loan Products With Tighter Standards

February 7, 2020

Brandon Ivey

After halting its main non-qualified-mortgage program due to procedural issues, Sterling Bank and Trust is planning new products with tighter underwriting standards.

Originations Drive Increase in Profit at PennyMac Financial

February 7, 2020

Brandon Ivey

Although originations and net income increased at PennyMac Financial, the company took a loss on servicing activities during the fourth quarter due to hedges.

Several Large Prime Non-Agency MBS Deals in the Works

February 7, 2020

Brandon Ivey

Redwood is prepping a large prime non-agency MBS while Quicken issued its second deal. Seer Capital has an expanded-credit product in the works and Velocity a small-balance commercial loan deal.

News Briefs

February 7, 2020

Brandon Ivey

FDIC eases disclosure standards for non-agency MBS; industry seeks delay in revisions to risk-retention requirements; MBA wants NCUA to follow bank regulators on non-agency appraisal standards; Maxex touts trading volume; A&D Mortgage using LoanScorecard.

Brandon Ivey

ARTICLES

Wells Including Some GSE-Eligible Loans in Non-Agency MBS

UWM Tops Prime Non-Agency MBS Contributors in 2019

CFPB’s QM Proposal Could Reduce Non-Agency Business

Mixed Trends in Jumbo Originations at 3 Banks in 2019

Ashmore’s Vista Point Ramping Up Non-QM Aggregation

LIBOR Transition Complicated for Non-Agency Mortgages

Sterling Prepping New Loan Products With Tighter Standards

Originations Drive Increase in Profit at PennyMac Financial

Several Large Prime Non-Agency MBS Deals in the Works

News Briefs

Latest Imf News

Servicing Share for Rocket, Chase Down in Second Quarter

Income Declines at Rocket After Slow Spring Homebuying Season

MBS Investors Call for Changes With GSEs’ Credit Score Framework

Weak Jobs Report Could Delay Rate Hike by Fed

Featured Data

Largest Servicers Lose Ground in Second Quarter

MSR Transfers Increase in 2Q, UWM’s Sales Spike

Reset Activity Drives 2Q26 Boost in CLO/CDO Issuance

Originations Increase in 2Q Amid Headwinds From Rates

Featured Reports

Guide to Mortgage Lending to First-Time Homebuyers

Mortgage Servicing Rights Report: 1Q26 (PDF)

Lender Profiles 1Q26: Top 25 (PDF)

Mortgage Profitability Report 1Q26 (PDF)

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?