October 14, 2022

Prime Non-Agency MBS Issuance Plummets in Third Quarter

Issuance of prime non-agency MBS declined by nearly 80% from the second to the third quarter. Expanded-credit MBS issuance also wavered, though at a much slower pace. Read More

Some Concerns on DSCR Lending as Fed Fights Inflation

Debt service coverage ratio loans for investment properties are starting to look more risky as the Fed works to address inflation. Still, activity in the sector is increasing. Read More

Views Differ on Hurricane Ian Risks to New MBS

Bayview Asset Management and Verus Mortgage Capital separately started marketing non-agency MBS in the days after Hurricane Ian made landfall. Rating services that assessed the deals differed in their focus on potential damage from the hurricane. Read More

Bayview to Return to Jumbo MBS Market This Year

An affiliate of Bayview Asset Management is set to issue its first jumbo MBS since December. Loans in the deal have seasoned for an average of 4.5 months and were sourced from a number of lenders. Read More

Sterling Bank Settles Non-QM Issues With OCC

Sterling Bank and Trust paid $6 million to settle charges from the OCC regarding a now-shuttered non-QM program. Investigations by the DOJ and SEC are ongoing. Read More

Subprime Servicers More Lenient in Judicial Foreclosure States

Distressed borrowers with subprime mortgages in states with a judicial foreclosure process achieve non-foreclosure outcomes at a higher rate than similar borrowers in states that don’t have a such a process, according to findings from a new paper. Read More

Crypto Mortgage Lender Raises $3.5 Million in Seed Funding

Moon Mortgage plans to offer loans with underwriting based on crypto holdings. Both purchase mortgages and investment-property loans are planned, with borrowers needing to post 100% of collateral. Read More

News Briefs

Redwood offers some early insight on third quarter performance; Fitch upgrades assessment of Carrington Mortgage; LauraMac launches loan acquisition system; Toorak tops $10 billion in funding since inception in 2016. Read More

Inside Nonconforming Markets

View Archived Issues

Prime Non-Agency MBS Issuance Plummets in Third Quarter

Some Concerns on DSCR Lending as Fed Fights Inflation

Views Differ on Hurricane Ian Risks to New MBS

Bayview to Return to Jumbo MBS Market This Year

Sterling Bank Settles Non-QM Issues With OCC

Subprime Servicers More Lenient in Judicial Foreclosure States

Crypto Mortgage Lender Raises $3.5 Million in Seed Funding

News Briefs

Latest Imf News

Purchase-Mortgage and Refi Volume Diverge in Second Quarter

Losses Increase at Homebuilder Hovnanian Enterprises

Insurance Companies Add to Whole-Loan Mortgage Holdings

New Listings for Homes Up, Asking Price Slips

Featured Data

GSEs Deliver Consistent Profits; No Closer to Solvency

Bank Mortgage Earnings Tick Up in Second Quarter

Non-Agency Pushes CMBS Issuance Up Slightly in 2Q

PMIs Gain Purchase Share, Refinance Share Slips

Featured Reports

Agency Seller-Issuer Profile: 1Q26 (PDF)

2026 Mortgage Market Statistical Annual (PDF)

IMF HMDA Dashboard: 2025

Guide to Mortgage Lending to First-Time Homebuyers

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

October 14, 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?