Inside Nonconforming Markets

Non-Agency Jumbo Originations Increase in 3Q10 But Remain Below 2009’s Deflated Levels

Production of mortgages above the conforming loan limit showed mixed results in the third quarter of 2010. The originations increased by 10.0 percent compared with the previous quarter, but year-to-date originations were lower than the limited volume seen in 2009...[includes one chart and one graph] Read More

FDIC Calls for QRM Rules to Address Servicers

The qualified residential mortgage debate continues as federal regulators work toward proposing regulations. The Federal Deposit Insurance Corp. – which is helping craft the rules and controversially established risk-retention rules for banks ahead of the Dodd-Frank Act – last week said QRM regulations should regulate servicing practices... Read More

Walter Aims to be Alternative to Big Bank Servicers

Walter Investment Management is taking steps to grow from a regional subprime servicer to a nationwide alternative to larger servicers. The real-estate investment trust recently closed a private placement of $135 million in residential mortgage backed notes and acquired Marix Servicing. The privately placed securitization consisted of mortgages originated nearly three years ago with a weighted average credit score of 575 and a weighted-average current loan-to-value ratio of 89.4 percent. Charles Cauthen, president and COO of… Read More

Goldman Hopes to Sell Subprime Servicer Litton

Goldman Sachs is reportedly trying to sell Litton Loan Servicing, the 10th largest subprime servicer. Litton serviced a $47.32 billion subprime portfolio at the end of the third quarter of 2010, accounting for 7.6 percent of subprime mortgages outstanding, according to Inside Nonconforming Markets... Read More

Non-Agency Market Envisioned Post GSE Reform

Non-agency mortgage market participants suggest that the sector will not rebound until reform of the government-sponsored enterprises is completed... Read More

Tiny Market Share for Higher-Priced Mortgages

Higher-priced mortgages accounted for less than 2.0 percent of the originations at the top-ranked originators of such mortgages in 2009, according to an Inside Nonconforming Markets analysis of Home Mortgage Disclosure Act data compiled by ComplianceTech/Lending Patterns...[includes two charts] Read More

December 10, 2010

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Non-Agency Jumbo Originations Increase in 3Q10 But Remain Below 2009’s Deflated Levels

FDIC Calls for QRM Rules to Address Servicers

Walter Aims to be Alternative to Big Bank Servicers

Goldman Hopes to Sell Subprime Servicer Litton

Non-Agency Market Envisioned Post GSE Reform

Tiny Market Share for Higher-Priced Mortgages

MIs Loosen Jumbo Credit Score Requirements

Non-Agency Resolution Times Vary Significantly

News Briefs

Subprime Volume Indicators and ABX Prices

Latest Imf News

Refi Lending Spikes in 4Q, Purchase Mortgages Slow

Delinquencies Climb During Fourth Quarter, Led by FHA

GSEs Getting Aggressive With Cash Window Pricing

Onity’s Earnings Helped by Release of Tax Valuation Allowance

Featured Data

FHA Delinquencies Rise to Pandemic Levels

Expanded-Credit MBS Issuance Slows in 4Q

New Nonbank Servicing Giant Emerges in Fourth Quarter

January Ushers In New Year With Modest Gain in MBS

Featured Reports

Mortgage Servicing Rights Report: 3Q25 (PDF)

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (PDF)

IMF HMDA Dashboard: 2024

Featured Poll

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