June 10, 2022

Retail Channel Holds Up as Jumbo Lending Takes Hit

No channel was immune to the downturn in jumbo originations in the first quarter of 2022, but the retail channel suffered the least. There were also wide variations at the lender level in originations trends. (Includes data chart.) Read More

CDFIs Under Scrutiny as their Non-QM Lending Increases

Kroll Bond Rating Agency published a report focusing on mortgages originated by CDFIs and their inclusion in non-agency MBS. The Change Company defended its practices while Quontic Bank stopped offering “no ratio” loans. Read More

ARM Originations Decline in 1Q22, Market Share Increases

Originations of adjustable-rate mortgages declined in the first quarter of 2022, but at a slower rate than the downturn in total first-lien production. ARMs accounted for 7.9% of total originations during the quarter. (Includes data chart.) Read More

Weak Demand for Non-QMs Persists Following Rise in Rates

Spreads on expanded-credit MBS issuance have widened significantly this year as lenders sell mortgages originated prior to the runup in interest rates. Issuance has slowed but market participants are optimistic in the long term. Read More

Lenders Defend Offering DSCR Loans with Negative Cash Flow

Some non-agency lenders will allow for investment-property mortgages underwritten based on the income generated by the property where the monthly rent doesn’t cover expenses for the property. Read More

Bayview Resumes Small-Balance Commercial MBS Issuance

An affiliate of Bayview Asset Management issued an MBS with small-balance commercial properties in May, marking the first issuance of its type from the firm since September 2020. Read More

Delinquencies on Non-QMs Tick Up in April

After more than a year of steady declines in delinquencies on securitized non-QMs, delinquency rates have fluctuated in recent months. Read More

News Briefs

Non-agency MBS issuance nearly frozen; Redwood raises funds with debt sale; DBRS accepts more firms for due diligence. Read More

Inside Nonconforming Markets

View Archived Issues

Retail Channel Holds Up as Jumbo Lending Takes Hit

CDFIs Under Scrutiny as their Non-QM Lending Increases

ARM Originations Decline in 1Q22, Market Share Increases

Weak Demand for Non-QMs Persists Following Rise in Rates

Lenders Defend Offering DSCR Loans with Negative Cash Flow

Bayview Resumes Small-Balance Commercial MBS Issuance

Delinquencies on Non-QMs Tick Up in April

News Briefs

Latest Imf News

Agency Jumbo Volume Holds Steady in Third Quarter

Housing Bill With Bipartisan Support Introduced in House

Fannie Mae’s MBS Holdings Increase Again in November

Trump Admin Reorients FSOC to Growth and De-Regulation

Featured Data

Non-Agency Jumbo Originations Slow in Third Quarter

Jumbo Servicing Volume Slightly Down in Third Quarter

Refis Lift Agency MBS to Three-Year High in November

Broker Channel Regains Some Share in Third Quarter

Featured Reports

Lender Profiles 2Q25: Top 25 (PDF)

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Mortgage Profitability Report 2Q25 (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

June 10, 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?