Browse articles from IMFnews related to Nonconforming.

January 18, 2019 - IMFnews

‘Mega’ Jumbos Surge. But Who’s Originating Them?

You’ve heard of “super” jumbos. What about “mega” jumbos?

January 18, 2019 - IMFnews

Angel Oak Preps Largest Post-Crisis Nonprime MBS

Some 51.1 percent of the loans were underwritten using borrower bank statements.

January 18, 2019 - IMFnews

ABS Issuance Hits Post-Crisis High Despite Soft Landing

The only ABS to show increased production in 4Q18 were deals backed by business loans.

January 17, 2019 - IMFnews

Short Takes: A Landmark Non-QM MBS from Angel Oak / Better Mortgage Sees Furloughed Government Workers and Comes Up with a Product to Serve Them / Retail Declines at BB&T / Seterus Hands Out Pink Slips to 300 / MGIC’s Results / MBA Promotes Knowlton

The Seterus platform will cut 300 full-time workers in the Durham area. The unit is being sold to Mr. Cooper...

January 16, 2019 - IMFnews

JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS

Roughly 42 originators are providing collateral for the JPM MBS…

January 15, 2019 - IMFnews

Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel

We understand a bit of a price war may be brewing in the non-QM market...

January 11, 2019 - IMFnews

Non-Agency MBS Issuance Faded in Fourth Quarter

The ECM sector was one of the few that recorded MBS production gains during the fourth quarter…

January 11, 2019 - IMFnews

CFPB Report Raises Questions about Non-QMs, DTIs, Servicing and More

The CFPB determined the ATR rule has reduced lending to some extent to borrowers with high debt-to-income ratios…

January 10, 2019 - IMFnews

New Residential Looks to be a Frequent Issuer of Non-QM MBS, Preps Latest Issuance

New Residential also will buy non-QMs from lenders other than New Penn...

January 9, 2019 - IMFnews

Angel Oak Expects Sustained Non-QM Growth in 2019

The non-QM market is booming, said Angel Oak executive Tom Hutchens…

January 9, 2019 - IMFnews

Signs of Life in the MH Market: AZ Servicer of Manufactured Housing Loans Receives Rating, MBS Issuance Likely

Cascade services $1.3 billion of product…

January 8, 2019 - IMFnews

Morningstar Expects Looser Underwriting on Non-Agency Loans in 2019

Morningstar expects the market share will increase for ARMs, interest-only loans and mortgages with higher loan-to-value ratios…

January 7, 2019 - IMFnews

Short Takes: IRS Cranks Up the IVES Machine Again / Otting at FHFA, Day 1 / AltLoan Enlists a New Capital Markets Partner / 45 Percent Plan to Enter the Non-QM Space This Year / Academy LO Joins Bay Equity Home Loans

Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.

January 7, 2019 - IMFnews

Non-Agency MBS Issuance Nearly Doubled in 2018

JPMorgan Chase and Redwood Trust are the dominant issuers of non-agency MBS…

January 4, 2019 - IMFnews

A New Year and a New MBS from Redwood Trust

Servicing will be handled by six different firms with Shellpoint Mortgage Servicing getting a large chunk of the contract…

December 31, 2018 - IMFnews

Interest-Only Lending Declines in Third Quarter

First Republic Bank, the top IO lender in the group, originated $1.68 billion of product…

December 28, 2018 - IMFnews

PIMCO Working on a Massive Securitization of Whole Loans?

It’s common knowledge that the foreign-owned PIMCO is an active buyer of non-agency loans…

December 27, 2018 - IMFnews

Short Takes: Wells Fargo Executive Takes a Job with UCM / The NAR is Not Happy with FEMA / No Word From Peter Bell and NRMLA / Fannie Mae Director Haywood Moves On / Trouble in the Sandbox

The National Association of Realtors is none too happy with FEMA's actions during the government shutdown...

December 27, 2018 - IMFnews

Varde Ponders Selling Nonprime Unit Deephaven Mortgage

Matt Nichols, a former Goldman Sachs executive, launched Deephaven earlier in the decade as a correspondent buyer of non-QM loans.

December 21, 2018 - IMFnews

ARM Share Drops in the Third Quarter

The ARM share typically goes up when interest rates rise, but not this time around…

December 20, 2018 - IMFnews

A Land Rush Into Non-QM Lending? Carrington Preps First Deal

Carrington President Ray Brousseau said the nonbank is committed to the underserved borrower market…

December 20, 2018 - IMFnews

EC Lender Angel Oak Gets High Marks in New Report from DBRS

Angel Oak is the nation’s third largest expanded-credit lender…

December 18, 2018 - IMFnews

ARM Share Drops in the Third Quarter

The ARM share typically goes up when interest rates rise, but not this time around…

December 18, 2018 - IMFnews

Quicken Launches Jumbo Product Allowing Qualification Based on Assets Instead of Income

According to Quicken, the loan could work well for retirees...

December 17, 2018 - IMFnews

Outlook for Prime Non-Agency MBS Tied to GSE Pricing, Tools

With Mel Watt’s term as FHFA director ending in early January, a new director appointed by President Trump is widely expected to take actions to reduce the GSEs’ footprint…

December 14, 2018 - IMFnews

What We’re Hearing: FHA Loan Limits / What a Shutdown Means / The Return of Angelo Mozilo / The Finger of Blame Points to Wall Street / New Disclosures from Ditech / A Subservicing Business Dominated by One Client

The panel Mozilo spoke on was billed: “Join two titans of the industry as they discuss the past, present and future of the mortgage industry.”

December 14, 2018 - IMFnews

Non-Agency MBS Outstanding Nears the End of an 11-Year Tunnel

Roughly $458.6 billion of single-family non-agency MBS were outstanding at September 30, a scant 0.1 percent drop from June…

December 13, 2018 - IMFnews

Verus Packages More Nonprime Mortgages for Investment Properties in MBS

Loans from 36 lenders will be included, led by Sprout Mortgage with a 43.3 percent share.

December 13, 2018 - IMFnews

Home-Equity Lending Still Can’t Gain Traction Despite Strong Residential Values

The home-equity market peaked back in 2007 at $1.133 trillion in outstandings. It has been in an 11-year swoon since then.

December 11, 2018 - IMFnews

Neuberger Berman Sources Majority of Loans for Non-QM MBS from Sprout Mortgage

Based in Henderson, NV, Sprout is a correspondent lender.

December 11, 2018 - IMFnews

Retail Lost Share in Major Product Groups

However, retail remains king of the jumbo sector…


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