| Inside Mortgage Finance

Non-Agency MBS Issuance Up Sharply in First Quarter, Led by JPM

Issuance of non-agency MBS increased by 84% on a sequential basis in the first quarter of 2021. Chase accounted for nearly a third of all issuance. (Includes data chart.) Read More

CFPB Hesitancy on QM Rule Limiting Non-Agency Lending

An effort by the CFPB to delay the end of the QM patch is causing uncertainty for non-agency lenders. A coalition of lenders and consumer advocates said the CFPB shouldn’t move forward with the proposal. Read More

Non-QM Impairment Rate Increases for Second Straight Month

The impairment rate on securitized non-QMs hit 11.1% at the end of February. At the end of 2020, the rate stood at 10.3% after months of steady improvement. Read More

CFPB Foreclosure Delay Plan Includes Non-Agency Loans

Legal analysts say the bureau’s across-the-board delay on foreclosure starts could face legal challenges. Meanwhile, consumer advocates call for more stringent requirements. Read More

HMDA: Origination of Loans with Short Terms Decline in 2020

Residential lending with loan terms of three years or less declined by nearly 30% on an annual basis in 2020. LendingHome topped lenders in the fix-and-flip and bridge loan sector. (Includes data chart.) Read More

Concerns Over Appraisal Waiver Loans in Non-Agency MBS

Two non-agency MBS issued in March included a significant number of loans that didn’t receive full appraisals due to GSE policies. Rating services penalized the collateral by increasing assessed LTV ratios. Read More

Spring Boom: Several Non-Agency MBS Deals are in the Pipeline

AIG is set to issue a jumbo MBS with new production and MFA Financial has a non-QM deal with loans that have seasoned for 16 months. A surge of issuance also looks likely later this month. Read More

News Briefs

CSBS moving forward with servicing standards for nonbanks; A&D launches jumbo with new QM standards; Angel Oak Commercial Lending expanding into wholesale; Redwood adds Faith Schwartz and Armando Falcon to its board. Read More

Inside Nonconforming Markets

April 9, 2021

View Archived Issues

Non-Agency MBS Issuance Up Sharply in First Quarter, Led by JPM

CFPB Hesitancy on QM Rule Limiting Non-Agency Lending

Non-QM Impairment Rate Increases for Second Straight Month

CFPB Foreclosure Delay Plan Includes Non-Agency Loans

HMDA: Origination of Loans with Short Terms Decline in 2020

Concerns Over Appraisal Waiver Loans in Non-Agency MBS

Spring Boom: Several Non-Agency MBS Deals are in the Pipeline

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

April 9, 2021

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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?