December 3, 2021

Expanded-Credit Mortgage Originations Up 24% in 3Q

Expanded-credit mortgages gained market share as total first-lien originations declined in the third quarter. Still, the sector accounted for only 1.1% of the total origination pie. (Includes data chart.) Read More

FHFA Reviewing GSE Loan Limits Following Record Jump for 2022

GSE loan limits will increase by 18.1% in 2022, with a threshold of nearly $1.0 million in high-cost areas, prompting the FHFA to evaluate the relationship between home price appreciation and loan limits. Read More

Employment Verification a Complicating Factor for QMs

The Structured Finance Association has developed a framework due diligence providers can use to help gauge QM compliance. A large chunk of the document focuses on verification of a borrower’s employment. Read More

Nonprime Servicing Portfolios Unchanged in Third Quarter

The amount of nonprime servicing handled by a group of 15 firms was essentially flat between the end of June and the end of September. Three of the top five firms in the sector saw their portfolios shrink. (Includes data chart.) Read More

Mortgages Make it into the NFT Space, Led by LoanSnap

With interest in non-fungible tokens booming this year, LoanSnap saw an opportunity to mint NFTs linked to mortgages. Read More

Non-Agency MBS Packed With Jumbos, GSE-Eligible IPLs

Non-agency MBS brought to the market in the past two weeks were primarily stocked with jumbo mortgages and GSE-eligible loans for investment properties. There were also a few expanded-credit deals. Read More

Expanded-Credit Lenders Offering ITIN Mortgages

Angel Oak is the latest expanded-credit lender to offer mortgages based on an individual tax identification number to individuals not eligible to obtain a Social Security number. Read More

News Briefs

UWM is offering its first non-QM product in years; the impairment rate on securitized non-QMs declined somewhat in October. Read More

Inside Nonconforming Markets

View Archived Issues

Expanded-Credit Mortgage Originations Up 24% in 3Q

FHFA Reviewing GSE Loan Limits Following Record Jump for 2022

Employment Verification a Complicating Factor for QMs

Nonprime Servicing Portfolios Unchanged in Third Quarter

Mortgages Make it into the NFT Space, Led by LoanSnap

Non-Agency MBS Packed With Jumbos, GSE-Eligible IPLs

Expanded-Credit Lenders Offering ITIN Mortgages

News Briefs

Latest Imf News

Refi Lending Spikes in 4Q, Purchase Mortgages Slow

Delinquencies Climb During Fourth Quarter, Led by FHA

GSEs Getting Aggressive With Cash Window Pricing

Onity’s Earnings Helped by Release of Tax Valuation Allowance

Featured Data

FHA Delinquencies Rise to Pandemic Levels

Expanded-Credit MBS Issuance Slows in 4Q

New Nonbank Servicing Giant Emerges in Fourth Quarter

January Ushers In New Year With Modest Gain in MBS

Featured Reports

Mortgage Servicing Rights Report: 3Q25 (PDF)

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (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

December 3, 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?