August 13, 2021

GSEs’ Investment-Property and Jumbo Business Down in 2Q

Thanks to restrictions implemented earlier this year, GSE MBS issuance involving mortgages for investment properties dropped in the second quarter. Conforming jumbo business also declined. (Includes data chart.) Read More

Annaly Launches Conduit Operations for Non-Agency Mortgages

Annaly’s new conduit is acquiring non-QMs along with GSE-eligible mortgages for investment properties. Previously, the REIT’s main avenue for acquisitions was through bulk purchases. Read More

Non-QM Activity Generating Attractive Returns for Nonbanks

Angelo Gordon Mortgage Investment Trust expects returns as high as 18% from securitizing non-QMs. The REIT and others are working to increase their acquisitions of the loans. Read More

MFA Cites Interest Rates as Net Income Declines in 2Q21

Acquisitions of non-agency mortgages increased and income declined during the second quarter at MFA Financial. The REIT is putting an emphasis on business purpose loans. Read More

SPS, Cenlar, Flagstar Boost Non-Agency MBS Servicing in 2Q

The three servicers added significant volume to their portfolios thanks to the surge in non-agency MBS issuance during the second quarter of 2021. The performance of securitized loans also continues to improve. (Includes data chart.) Read More

Velocity Has a Blowout 2Q on NPL Activity, Originations

The nonbank was able to increase its income during the second quarter with a focus on business-purpose loans. Resolutions of NPLs generated income and originations increased. Read More

Variety of Non-Agency MBS Offered in Early August

The offerings in the non-agency MBS market range from deals backed by prime jumbo mortgages to investment-property loans that were eligible for sale to the GSEs to non-QMs. Read More

News Briefs

Angel Oak’s REIT sees income decline; Zillow and LendingHome issue securitizations; non-agency forbearance level; Pretium adds director from Goldman Sachs. Read More

Inside Nonconforming Markets

View Archived Issues

GSEs’ Investment-Property and Jumbo Business Down in 2Q

Annaly Launches Conduit Operations for Non-Agency Mortgages

Non-QM Activity Generating Attractive Returns for Nonbanks

MFA Cites Interest Rates as Net Income Declines in 2Q21

SPS, Cenlar, Flagstar Boost Non-Agency MBS Servicing in 2Q

Velocity Has a Blowout 2Q on NPL Activity, Originations

Variety of Non-Agency MBS Offered in Early August

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)

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Mortgage Profitability Report 2Q25 (PDF)

IMF HMDA Dashboard: 2024

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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?

Inside Nonconforming Markets

August 13, 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?