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Volume 2019 - Number 6

March 15, 2019

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Strong Growth for Jumbo Servicing in 2018

The amount of jumbo mortgage servicing handled by the top servicers increased at a much faster rate in 2018 than the total amount of outstanding residential mortgages, according to a new ranking and analysis by Inside Nonconforming Markets. [Includes one data chart]

Non-Agency MBS Reps and Warrants Under Scrutiny

The representations and warranties provided on new non-agency mortgage-backed securities are receiving renewed attention from industry participants. Issuers of prime jumbo and expanded-credit MBS, particularly, have been subject to criticism.

Moody’s: Use of GSE Tools In Non-Agency Market Risky

Moody’s Investors Service has flagged risks related to non-agency players using the automated underwriting tools developed by the government-sponsored enterprises to produce loans underlying private-label mortgage-backed securities.

Oaktree Set to Issue its First Non-QM MBS

An affiliate of Oaktree Capital Management is set to issue its first mortgage-backed security with non-qualified loans. The $268.16 million issuance includes loans from two prominent lenders who haven’t been large players in the non-QM MBS market recently.

New Residential Preps its Second Non-QM MBS of 1Q

Issuance of mortgage-backed securities with non-qualified loans continues at a brisk pace, with a new deal from New Residential Investment in the pipeline.

Ocwen Looking to Boost Its Non-Agency Servicing

After years of being prohibited by regulators from acquiring servicing rights, Ocwen Financial is back in business as a buyer in full force. [Includes one data chart]

Demand Increasing for Investment-Property Loans

Lenders originating fix-and-flip loans and mortgages for single-family investment properties are seeing strong demand from investors in the secondary market.

Impac Putting a Strong Emphasis on Non-QMs

Impac Mortgage Holdings is shifting its focus on originating non-qualified mortgages amid losses and layoffs due to a tough conforming mortgage market.

News Briefs

Kraninger won't make sudden moves with GSE patch; Freddie Mac launches AUS self-employment assessment tool; more.

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of data on jumbo mortgage interest rates and stock price trends.

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