Cart

Inside Nonconforming Markets

March 18, 2022

View Archived Issues

Jumbo Lending Through Correspondents Increases in Fourth Quarter

Originations of jumbo mortgages shifted somewhat toward the correspondent channel during the fourth quarter of 2021, helped by JPMorgan Chase and Wells Fargo. (Includes data chart.) Read More

Business as Usual at Angel Oak Even as Interest Rates Rise

Higher interest rates took a bite out of Angel Oak Mortgage’s profits in the fourth quarter, but its non-QM originations continue to remain strong. The firm also plans to maintain regular issuance of MBS. Read More

Business-Purpose Lender Velocity Increases Profits in Fourth Quarter

Velocity increased its income and originations from the third to the fourth quarter. The lender focuses on non-agency business-purpose loans. Read More

Bank Holdings of First Liens Increase During Fourth Quarter

Banks and thrifts held $2.23 trillion of first liens at the end of the year, up 1.7% from the end of September. Trends varied considerably among the megabanks. (Includes data chart.) Read More

Impac Leaning on Non-QMs, Though Growth Slowed in First Quarter

The firm boosted its originations of non-QMs during the fourth quarter, though company officials suggested loan production in the first quarter could decline. Read More

Expanded-Credit MBS Issuance Outpacing Other Non-Agency Deals

Six expanded-credit MBS hit the market in the past two weeks, including the largest deal since COVID upended the sector. Activity is much slower in the space for prime jumbos and GSE-eligible investment-property loans. Read More

Delinquencies on Investment Properties March to their Own Beat

A look at the performance of investment-property loans reveals some differences between GSE-eligible loans and non-agency mortgages. Performance also differed from owner-occupied prime jumbos and non-QMs. Read More

News Briefs

UWM offering bank statement mortgages; Spring EQ expands HEL guidelines; Toorak issues bridge loan securitization; non-QM impairments steady in January; new law to help with LIBOR-linked legacy deals. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

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?

View Results