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Expanded-Credit Loans Drive Increase in Non-Agency MBS

Issuance of non-agency MBS increased by nearly 50% on an annual basis in 2019, largely due to expanded-credit mortgages. (Includes data chart.) Read More

Prime Non-Agency MBS Issuance Expected to Increase in 2020

Issuance of prime non-agency MBS will likely increase this year, according to projections by industry analysts. The big wildcard is how FHFA’s efforts to reduce the GSEs’ footprint will impact the non-agency market. Read More

Velocity Financial Plans $100 Million IPO

The lender plans to raise around $100 million through an initial public offering of shares. Velocity funded about $1.0 billion of originations in 2019, focused on residential investment and small commercial properties. Read More

Handful of Expanded-Credit MBS Incur Losses

At least eight expanded-credit MBS rated by DBRS Morningstar suffered losses in the second half of 2019. Investors, though, were protected due to high credit enhancement levels. Read More

Fix-and-Flip Lending Concentrated Among Few

Anchor Loans and LendingHome are the largest lenders operating in the fix-and-flip space. An analysis of the most recent HMDA data suggests the firms are neck and neck in originations of short-term loans. (Includes data chart.) Read More

Non-Agency MBS Deals to Resume Post Holiday Break

After a lull in December, issuers are bringing non-agency MBS to the market. Redwood Trust is planning a deal with seasoned mortgages while New Residential has an expanded-credit MBS. Read More

SitusAMC, Clayton Top MBS Due Diligence Providers

While 12 firms are deemed as acceptable by Fitch Ratings to review loans in MBS rated by the agency, two firms, SitusAMC and Clayton, handled nearly all reviews in recent years. Read More

News Briefs

LendSure launches bridge loan product; Sprout hires Ron Krueger as senior vice president; DBRS Morningstar outlines rating criteria for reverse mortgages; Fitch upgrades its servicer ratings of BSI Financial Services. Read More

Inside Nonconforming Markets

January 10, 2020

View Archived Issues

Expanded-Credit Loans Drive Increase in Non-Agency MBS

Prime Non-Agency MBS Issuance Expected to Increase in 2020

Velocity Financial Plans $100 Million IPO

Handful of Expanded-Credit MBS Incur Losses

Fix-and-Flip Lending Concentrated Among Few

Non-Agency MBS Deals to Resume Post Holiday Break

SitusAMC, Clayton Top MBS Due Diligence Providers

News Briefs

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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?

Inside Nonconforming Markets

January 10, 2020

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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?