| Inside Mortgage Finance

Prime Non-Agency MBS in 3Q Fueled by United Wholesale, Banks

The issuance of prime non-agency MBS doubled from the second to the third quarter. United Wholesale Mortgage contributed close to 25% of the securitized loans during the period. (Includes two data charts.) Read More

Jumbo Production Rises at FRB and Flagstar

First Republic Bank increased its originations by 15.8% in the third quarter and Flagstar Bank posted a 33.3% increase in jumbo lending compared to 2Q20. Read More

More Non-QM Lenders Return. The Latest: NRZ

New Residential ranked sixth among expanded-credit originators in 2019. The lender has been slower than other major players to restart non-QM lending due to a surge in agency refi business. Read More

Western Alliance Acquires Galton for ‘Not Much’

Western Alliance plans to offer warehouse lines of credit to lenders that work with Galton then retain some of the lenders’ originations. Read More

Redwood is Back in Jumbos, Pilots Delegated Purchases

Redwood locked $2.1 billion of jumbos during the third quarter though it only acquired $176 million. The REIT is issuing MBS and selling loans to banks. Read More

Prepayment Rates on Prime Non-Agency Loans Skyrocket

Prepayment rates on prime non-agency MBS inched above 40% in September compared to roughly 25% at the beginning of the year. Read More

Rates on Jumbos Remain Stubbornly Above GSE Loans

For the first time since 2013, rates on jumbos have moved above those on GSE loans. The reason: the Federal Reserve’s massive purchase of agency MBS. Read More

Several Non-Agency MBS Deals Hit the Market at Month’s End

Some $1.64 billion of expanded-credit MBS and $1.06 billion of prime non-agency MBS hit the market in the past two weeks. The expanded-credit deals were stocked with older loans. Read More

News Briefs

CFPB officially extends QM patch; forbearance rate for non-agency mortgages increases; virtual forum on non-QMs. Read More

Inside Nonconforming Markets

October 30, 2020

View Archived Issues

Prime Non-Agency MBS in 3Q Fueled by United Wholesale, Banks

Jumbo Production Rises at FRB and Flagstar

More Non-QM Lenders Return. The Latest: NRZ

Western Alliance Acquires Galton for ‘Not Much’

Redwood is Back in Jumbos, Pilots Delegated Purchases

Prepayment Rates on Prime Non-Agency Loans Skyrocket

Rates on Jumbos Remain Stubbornly Above GSE Loans

Several Non-Agency MBS Deals Hit the Market at Month’s End

News Briefs

Latest Imf News

Ginnie Gains More Servicing Share During First Quarter

Fed’s Warsh Unlikely to Drive Down Interest Rates on Mortgages

CFPB Rescinds 2020 Opinion on Special Purpose Credit Programs

New Investors Entering Market for Non-Agency MBS

Featured Data

Ginnie Issuance Down in May as Refis Slump

Jumbo Servicing Volume Bumps Higher in 1Q

Non-Agency Jumbo Lending Drops in First Quarter

REITs Boost MBS Holdings, AGNC Rises to Top Investor

Featured Reports

GSE Repurchase Activity: Cumulative Through Fourth Quarter 2025 (PDF Format)

Agency Channel Analysis: 1Q26 (PDF)

Guide to Mortgage Lending to First-Time Homebuyers

IMF HMDA Dashboard: 2025

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

October 30, 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?