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Inside Nonconforming Markets

March 20, 2020

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Non-QM Market Under Stress from Coronavirus

As the financial impact of the coronavirus spreads, some lenders have suspended non-QM originations and others have repriced products. Read More

The Famine After the Feast in the Non-Agency MBS Market

After a surge in February, the issuance of non-agency MBS has all but ground to a halt due to financial turmoil caused by the coronavirus. Read More

Jumbo Servicing Portfolios Increase in Fourth Quarter

Nearly all the firms in a group of 30 servicers increased their jumbo portfolio in 2019. Chase and Truist were the only ones to see a decrease. (Includes data chart.) Read More

Problems Adding Up for Sterling Bank and Trust

More trouble for Sterling: DOJ is now investigating the bank’s non-qualified-mortgage origination practices. Read More

Impac’s Non-QM Lending Declines in 2019

A focus on refis of agency loans prompted a decline in non-QM lending at Impac in 2019. The lender will focus on non-QMs (again) this year. Read More

Subprime Servicing Portfolios Run Off in 2019

As has been the norm post-crisis, subprime servicing portfolios declined for most players in 2019. Ocwen remained the largest processor in the pack. (Includes data chart.) Read More

Bank Holdings of First Liens Up Again at End of 2019

Banks and thrifts increased their holdings of residential first liens by 4.1% in 2019. Among the top 10 banks, three reduced their portfolios. (Includes data chart.) Read More

Figure Issues HELOC ABS Using Blockchain Technology

Figure packaged a $149 million ABS backed by home-equity lines of credit that were originated and securitized using blockchain technology. Read More

Quontic Bank Raises Capital to Retain More Mortgages

Having recently raised $8.0 million in capital, Quontic Bank plans to hold more mortgages in portfolio. Read More

News Briefs

Toorak prices securitization backed by bridge loans; Redwood extends a warehouse line; Velocity provides a financial update; sales of luxury homes rose in 4Q19; PCMA launches product for investment properties. Read More

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