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Inside Nonconforming Markets

February 18, 2022

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Non-Agency Jumbo Lending Slows in 4Q; Up Sharply in Full Year

Originations of non-agency jumbo mortgages were essentially flat in the fourth quarter of 2021 compared with the previous quarter. Still, for the full year, the market was hot and gained market share. (Includes data chart.) Read More

Jumbo MBS Issuers Face Timing Constraints as Interest Rates Rise

In a rising rate environment, issuers of jumbo MBS are seeing better pricing when the loans in their deals have short average seasoning times. Read More

Jumbo Servicing Portfolios Increase at Many Large Companies in 4Q

Nearly every company in a group of 30 prominent servicers of jumbo mortgages increased their respective portfolios during the fourth quarter. Jumbo servicing also increased on an annual basis. (Includes data chart.) Read More

Annaly Increasing Non-Agency Activity, Generating Strong Returns

Annaly Capital Management is increasing the amount of capital it dedicates to aggregating non-agency mortgages and issuing MBS. Read More

New Residential Increasing Emphasis on Non-Agency Products

With traditional refi business slowing, New Residential plans to increase originations of various non-agency products. Read More

Redwood Looking for Profits in Products Beyond Prime Jumbos

Expanded-credit mortgages and business-purpose lending are set to play a bigger role in Redwood’s operations. Third-party investments also generated strong returns for the REIT in the fourth quarter. Read More

Four Expanded-Credit MBS Issuers Off to a Fast Start in 2022

This week, Annaly, the Change Company, Credit Suisse and Lone Star Funds all offered their second individual expanded-credit MBS of the year. Activity is also humming along in the prime non-agency market. Read More

News Briefs

Fitch’s review of 225 non-agency MBS prompts downgrade of a single tranche; Unison issues securitization with residential equity agreements; Carrington offers to complete certain non-QM origination tasks for brokers. Read More

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