July 16, 2021

Refis Drive Surge in Jumbo MBS Issuance in 2Q21

Issuance of prime jumbo MBS increased by 54% on a sequential basis in the second quarter. Refis accounted for much of jump, including a large amount of loans with a cash-out component. (Includes two data charts.) Read More

Mixed Trends in Jumbo Lending at First Republic, Redwood

Mortgage production increased by 26% in the second quarter on a sequential basis at the jumbo-focused First Republic Bank. And lock volume declined by 15% at Redwood. Read More

Non-QM Lenders Gearing Up for Post-Refi Arena

With lending volumes expected to increase, numerous non-QM lenders are working to add employees. New products are also being offered. Read More

Non-Agency Market Now at Par with the GSEs on QMs

The "patch" that provided QM status to every mortgage eligible for sale to the GSEs is no longer in effect. With fewer incentives to originate mortgages that comply with GSE standards, lenders could boost non-agency originations. Read More

Non-Agency MBS Issuance Beginning to Pick Up After Slight Lull

Toorak Capital Partners expanded its securitization activities into 30-year mortgages for investment properties. Bayview Asset Management and Goldman Sachs have jumbo MBS in the market, and a number of other issuers are planning deals. Read More

Non-QM Performance Continues to Improve, Few New Delinquencies

The impairment rate on securitized non-QMs fell to 7.9% at the end of May. Prepayments in the sector remain elevated as borrowers refinance. Read More

Jumbo Mortgage Underwriting Trends Shifting Amid Refi Boom

As interest rates declined in 2020, the ARM share of jumbo originations plummeted. Lenders also got more lenient with DTI ratios, while average credit scores and LTV ratios tightened somewhat. Read More

News Briefs

Non-agency forbearance ticks up; Saluda Grade raises capital; Sachem launches SPAC. Read More

Inside Nonconforming Markets

View Archived Issues

Refis Drive Surge in Jumbo MBS Issuance in 2Q21

Mixed Trends in Jumbo Lending at First Republic, Redwood

Non-QM Lenders Gearing Up for Post-Refi Arena

Non-Agency Market Now at Par with the GSEs on QMs

Non-Agency MBS Issuance Beginning to Pick Up After Slight Lull

Non-QM Performance Continues to Improve, Few New Delinquencies

Jumbo Mortgage Underwriting Trends Shifting Amid Refi Boom

News Briefs

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Agency Jumbo Volume Holds Steady in Third Quarter

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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

Lender Profiles 2Q25: Top 25 (PDF)

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

Mortgage Profitability Report 2Q25 (PDF)

IMF HMDA Dashboard: 2024

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 16, 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?