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Shellpoint Tops Non-Agency MBS Servicers in Second Quarter

Shellpoint Mortgage Servicing is the top servicer, by far, of non-agency MBS issued since the beginning of 2019. The firm handles both prime loans and expanded-credit mortgages. (Includes data chart.) Read More

MBS Investors Question Reporting by Non-Agency Servicers

The lack of standardization in the non-agency MBS market has raised concerns about how servicers are handling loans in forbearance. Critical details regarding loan performance are missing, according to investors. Read More

Non-QM Lenders Regaining Footing

Demand for non-QMs in the secondary market is helping lenders loosen underwriting standards and drive down interest rates for new production. Five non-QM MBS hit the market in the past two weeks. Read More

First Republic’s Jumbo Production Up Sharply in Second Quarter

The lender increased its mortgage originations by 67% in the second quarter, with an emphasis on refinances. Read More

FSOC Review of Secondary Market Shrouded in Secrecy

It’s not clear whether the review is underway, let alone what will be looked at and what might change. Read More

Higher-Priced Conventional Lending Up 38% in 2019

Production of higher-priced conventional mortgages increased in 2019, though the loans still have a relatively low market share. The top lender was a firm that focuses on loans for manufactured housing. (Includes two data charts.) Read More

New Prime Non-Agency MBS from Chase, Chimera

Chase is set to issue a $750 million deal while Chimera is planning a $362 million MBS. Both securities are stocked with jumbos along with mortgages eligible for sale to the GSEs. Read More

News Briefs

Non-agency forbearance numbers increase; Redwood CEO calls on Fed to include non-agency MBS in TALF; Fitch revises rating criteria; Citigroup’s jumbo aggregator assessed as “average” by Moody’s; Chase brings risk-sharing deal on seasoned loans; Ocwen turns slight profit in 2Q. Read More

Inside Nonconforming Markets

July 24, 2020

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Shellpoint Tops Non-Agency MBS Servicers in Second Quarter

MBS Investors Question Reporting by Non-Agency Servicers

Non-QM Lenders Regaining Footing

First Republic’s Jumbo Production Up Sharply in Second Quarter

FSOC Review of Secondary Market Shrouded in Secrecy

Higher-Priced Conventional Lending Up 38% in 2019

New Prime Non-Agency MBS from Chase, Chimera

News Briefs

Latest Imf News

MBA Seeks Credit Score Threshold for Tri-Merge at GSEs

REITs Add to Agency MBS Holdings in Third Quarter

Fannie Looks to Have Walked Back Net Worth Proposal

Mutual of Omaha to Issue Securitization With Proprietary Reverse Mortgages

Featured Data

Non-Agency Jumbo Originations Slow in Third Quarter

Jumbo Servicing Volume Slightly Down in Third Quarter

Refis Lift Agency MBS to Three-Year High in November

Broker Channel Regains Some Share in Third Quarter

Featured Reports

Agency Seller-Issuer Profile: 3Q25 (PDF)

Lender Profiles 2Q25: Top 25 (PDF)

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Mortgage Profitability Report 2Q25 (PDF)

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

July 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?