May 13, 2022

Jumbo Originations Decline by 26% in First Quarter, Chase Drops

The decline in jumbo production in the first quarter largely tracked the overall drop in mortgage originations. Many banks kept their underwriting standards for the loans unchanged while demand decreased. (Includes data chart.) Read More

REITs See Opportunities in Non-QMs Amid Market Volatility

A handful of real estate investment trusts acquired non-QMs at a discount as interest rates increased during the first quarter. Lenders selling the loans took some losses but appear to have weathered the storm. Read More

Jumbo Servicing Volume Up Slightly in First Quarter

Trends varied among the largest servicers of jumbo mortgages in the first quarter. Portfolios increased overall while the top two jumbo servicers reduced their portfolios. (Includes data chart.) Read More

MFA’s Non-QM Holdings Eat Into Earnings in First Quarter

MFA Financial took a large loss in the first quarter as rising interest rates reduced the value of non-QMs on the REIT’s balance sheet. Lima One, a business-purpose lender now owned by MFA, was a bright spot. Read More

Barclays Stocks MBS With Non-Agency Investment-Property Loans

Barclays sourced many of the mortgages in the MBS from Invigorate Finance, an aggregator founded in March 2021. Read More

Velocity Increases Business-Purpose Lending in First Quarter

Originations at Velocity Financial increased in the first quarter despite an increase in interest rates. The lender’s income declined, though much of the drift was tied to a refi of corporate debt that could be beneficial in the long term. Read More

Maxex Expands Non-Agency Trading Offerings to DSCR Mortgages

The exchange that connects lenders with non-agency investors will facilitate sales of debt service coverage ratio loans for investment properties. Read More

News Briefs

LendSure launches prime jumbo offering; online marketplace Morty offers jumbos; Point completes Series C funding round; Sachem Capital’s earnings and originations flat in first quarter. Read More

Inside Nonconforming Markets

View Archived Issues

Jumbo Originations Decline by 26% in First Quarter, Chase Drops

REITs See Opportunities in Non-QMs Amid Market Volatility

Jumbo Servicing Volume Up Slightly in First Quarter

MFA’s Non-QM Holdings Eat Into Earnings in First Quarter

Barclays Stocks MBS With Non-Agency Investment-Property Loans

Velocity Increases Business-Purpose Lending in First Quarter

Maxex Expands Non-Agency Trading Offerings to DSCR Mortgages

News Briefs

Latest Imf News

Borrower Lock-In Easing With Passage of Time

Ginnie Issuance Climbs Slightly in January

Fannie Economists See Interest Rates Staying Higher for Longer

Income and MBS Portfolio Increase at Armour in Fourth Quarter

Featured Data

CRE Securitization Rises in 2025 With Agency MF Boost

Refi Lending Nearly Doubles in 4Q, Purchase Share Drops

FHA Delinquencies Rise to Pandemic Levels

Expanded-Credit MBS Issuance Slows in 4Q

Featured Reports

Mortgage Profitability Report 3Q25 (PDF)

Mortgage Servicing Rights Report: 3Q25 (PDF)

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (PDF)

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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

May 13, 2022

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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?