| Inside Mortgage Finance

CFPB Defends Moving QM Away from 43% DTI Ratio Metric

The mortgage market was expected to be ready to take on the 43% DTI ratio limit for qualified mortgages by 2021. However, it didn’t work out that way. Read More

Redwood Back in Jumbo MBS Market

After sharply limiting its aggregation due to volatility from the coronavirus, Redwood has re-entered the jumbo MBS market. Meanwhile, issuers of expanded-credit deals continue to stock their MBS with older loans. Read More

Jumbo Servicing Declines Amid Refi Boom in Third Quarter

The amount of jumbo servicing outstanding among a group of 30 firms tracked by INM declined by 1.2% during the third quarter. Three big banks saw their portfolios shrink while First Republic increased its receivables.

ARM Lending Down but Not Out in Third Quarter

ARM originations declined 12.5% in the third quarter. Still, production was up 18.8% during the first nine months of the year. Read More

CFPB Blames Lenders Over QM Standards for ARMs

Facing criticism that the new qualified-mortgage standards could sharply reduce ARM originations, the CFPB said lenders did not provide convincing data during the comment period. Read More

Nonprime Servicing Portfolios Continue to Decline in Third Quarter

Nonprime servicing fell 1.9% during the third quarter. Prepayment rates are high and loan modifications have increased sharply this year. Read More

Saluda Grade Seeing Success with Niche Non-Agency Securitization

The firm launched in 2019 and has issued three unique securitizations this year, including closed-end second liens, home equity lines of credit and bridge loans.

Non-Agency Funding Needed to Boost Small-Balance Loans

A pilot program launched this year aimed at originating mortgages with balances of less than $100,000 has generated zero loans to this point. Reason: Interest rates on the loans look high. Read More

News Briefs

Non-agency forbearance increases; SFVegas delayed to late July; Maxex offering preferred pricing on jumbos to certain lenders; NewRez non-QM VP opening; PCMA hires VP of direct channel originations. Read More

Inside Nonconforming Markets

December 23, 2020

View Archived Issues

CFPB Defends Moving QM Away from 43% DTI Ratio Metric

Redwood Back in Jumbo MBS Market

Jumbo Servicing Declines Amid Refi Boom in Third Quarter

ARM Lending Down but Not Out in Third Quarter

CFPB Blames Lenders Over QM Standards for ARMs

Nonprime Servicing Portfolios Continue to Decline in Third Quarter

Saluda Grade Seeing Success with Niche Non-Agency Securitization

Non-Agency Funding Needed to Boost Small-Balance Loans

News Briefs

Latest Imf News

Borrower Lock-In Easing With Passage of Time

Ginnie Issuance Climbs Slightly in January

Fannie Economists See Interest Rates Staying Higher for Longer

Income and MBS Portfolio Increase at Armour in Fourth Quarter

Featured Data

CRE Securitization Rises in 2025 With Agency MF Boost

Refi Lending Nearly Doubles in 4Q, Purchase Share Drops

FHA Delinquencies Rise to Pandemic Levels

Expanded-Credit MBS Issuance Slows in 4Q

Featured Reports

Mortgage Profitability Report 3Q25 (PDF)

Mortgage Servicing Rights Report: 3Q25 (PDF)

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (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

December 23, 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?