| Inside Mortgage Finance

Underwriting Standards Stable on Expanded-Credit MBS

Average credit scores, DTI ratios and LTV ratios haven’t loosened much in the past two years as expanded-credit MBS issuance soared. The investment-property share of MBS issuance is also on the rise. (Includes three data charts.) Read More

BofA Retaining Nearly All of its Originations

Bank of America retained 94% of its mortgage originations in the fourth quarter of 2019, a much higher retention rate than other big banks. Officials at the bank said BofA’s loans offer better yields than MBS. Read More

CFPB Could ‘Move Away’ from DTI Ratios for QMs

The CFPB is considering eliminating the DTI ratio metric when determining the QM status of a mortgage and instead basing the designation on the interest rate. The proposal was met with mixed reactions. Read More

Prime Non-Agency MBS Issuance Off to a Strong Start in 2020

Presale reports for five prime non-agency MBS have been published in the past two weeks, including two deals from JPMorgan Chase. Many of the loans were funded by nonbanks and are eligible for sale to the GSEs. Read More

FHFA Looks to Expand Use of CSP Beyond Fannie/Freddie

The FHFA is working to allow firms other than Fannie and Freddie to issue MBS through the Common Securitization Platform. Read More

Fix-and-Flip Mortgages Include Some Legal Quirks

Fix-and-flip loans differ in many ways from traditional mortgages. The loans are often exempt from various regulations. Read More

Invictus Starts the Year with Large Expanded-Credit MBS

Invictus is set to issue its largest expanded-credit MBS yet. Angel Oak and Caliber also have deals in the market. Read More

News Briefs

Velocity completes IPO; losses on Angel Oak’s MBS temporary; Radian sells Clayton; Provident Bank acquires non-agency warehouse lender; GSF Mortgage launches jumbo product; Customers Bank takes a loss. Read More

Inside Nonconforming Markets

January 24, 2020

View Archived Issues

Underwriting Standards Stable on Expanded-Credit MBS

BofA Retaining Nearly All of its Originations

CFPB Could ‘Move Away’ from DTI Ratios for QMs

Prime Non-Agency MBS Issuance Off to a Strong Start in 2020

FHFA Looks to Expand Use of CSP Beyond Fannie/Freddie

Fix-and-Flip Mortgages Include Some Legal Quirks

Invictus Starts the Year with Large Expanded-Credit MBS

News Briefs

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Retail Market Share for Nonconforming Originations Drops

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Featured Data

Non-Agency Jumbo Originations Slow in Third Quarter

Jumbo Servicing Volume Slightly Down in Third Quarter

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Broker Channel Regains Some Share in Third Quarter

Featured Reports

Lender Profiles 2Q25: Top 25 (PDF)

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Mortgage Profitability Report 2Q25 (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?

Inside Nonconforming Markets

January 24, 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?