December 17, 2021

Retail Share of Jumbo Lending Declining, Broker Share Up

The retail channel share of jumbo originations is coming back down to earth while the broker channel is receiving a boost thanks to United Wholesale Mortgage, among others. (Includes data chart.) Read More

Non-QMs Poised for Growth With Refis Headed Down

In a familiar refrain, participants in the non-QM market suggest the sector is ready for takeoff. Still, technology in the non-QM market lags compared with the GSEs. Read More

Some Concerns About Looser Underwriting in Non-Agency Market

Some non-agency lenders are widening the credit box to uncomfortable levels, prompting discussion at the ABS East conference this week. Read More

Banks Increase First-Lien Mortgage Holdings in Third Quarter

Wells Fargo was the only bank among the top 10 holders of first liens to reduce its portfolio during the third quarter. The bank’s holdings are also down sharply on an annual basis. (Includes data chart.) Read More

KBRA Raises Concerns About MBS Due Diligence Practices

Issuers of prime non-agency MBS are increasingly removing loans subject to third-party due diligence reviews from the final MBS pools. Kroll Bond Rating Agency said the practice is a slippery slope. Read More

Originations of ARMs Increase Slightly in Third Quarter

ARM lending ticked up during the third quarter though the ARM share of total originations remains well below the level seen in 2019. (Includes data chart.) Read More

Redwood Calls for Revisions to GSE Loan-Limit Calculation

With GSE loan limits in high-cost areas nearing $1 million in 2022, Redwood Trust called on the FHFA to use its powers to place limits on the GSEs’ acquisitions of high-balance mortgages. Read More

News Briefs

QM revisions not on CFPB’s agenda; regulators leave risk-retention standards as is; forbearance on non-agency loans increase; non-agency MBS issuance update; Deephaven allowing remote appraisals for non-QMs. Read More

Inside Nonconforming Markets

View Archived Issues

Retail Share of Jumbo Lending Declining, Broker Share Up

Non-QMs Poised for Growth With Refis Headed Down

Some Concerns About Looser Underwriting in Non-Agency Market

Banks Increase First-Lien Mortgage Holdings in Third Quarter

KBRA Raises Concerns About MBS Due Diligence Practices

Originations of ARMs Increase Slightly in Third Quarter

Redwood Calls for Revisions to GSE Loan-Limit Calculation

News Briefs

Latest Imf News

Non-Agency MBS Issuance Hits Post-Crisis High in 1Q

ECOA Final Rule From CFPB Unchanged Following Proposal

AGNC Takes Loss in First Quarter With Agency MBS Volatility

NTEU Opposes Rushed Review of CFPB Layoff Plan

Featured Data

GSE Deliveries Weaken in First Quarter of 2026

GSE Lenders Stretch Credit Envelope in First Quarter

Bank Sales of Mortgages Rise to 2022 Level at End of 2025

Structured Finance Market Keeps Momentum Going

Featured Reports

GSE Repurchase Activity: Cumulative Through Fourth Quarter 2025 (PDF Format)

Mortgage Profitability Report 4Q25 (PDF)

Agency Channel Analysis: 4Q25 (PDF)

Mortgage Servicing Rights Report: 4Q25 (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 17, 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?