January 27, 2023

Mix of Expanded-Credit Loans in MBS Shifts in 4Q22

Investment-property loans gained share in expanded-credit MBS issuance and many of the typical contributors to deals were absent in the fourth quarter. (Includes three data charts.) Read More

First Republic Looking to Gain Share in Jumbo Market

First Republic Bank is working to increase its share of jumbo originations, using a combination of customer service and low interest rates. Read More

GSE Business Even More Concentrated in ‘Core’ Products

Conforming jumbos took the biggest hit in the fourth quarter as the volume of business Fannie Mae and Freddie Mac conduct in various noncore categories decreased. Read More

CDFI Proposal Could Impact Non-Agency Players

Changes are under consideration for determining which firms qualify as community development financial institutions. Under a current proposal, CDFIs would have to follow the CFPB’s ability-to-repay underwriting requirements. Read More

Variety of Non-Agency MBS on Offer in January

Six expanded-credit MBS started marketing within the past two weeks and there are also offerings of prime jumbos, HELOCs and even a credit-risk transfer deal from Santander Bank. Read More

Fix-and-Flip Turning into Fix-and-Rent for Some Investors

With potential first-time homebuyers facing affordability issues, some homes that would have been flipped are now being offered for rent, shifting financing strategies for borrowers. Read More

Non-QM Lenders Launch New Bank Statement Products

There’s a new program focused solely on a borrower’s business bank statement and a second-lien offering where non-QM borrowers can take cash out without refinancing. Read More

News Briefs

Delinquencies on non-QMs increase again; Altisource hires COO for non-agency effort; DBRS adds Verity Global Solutions as an acceptable due-diligence provider. Read More

Inside Nonconforming Markets

View Archived Issues

Mix of Expanded-Credit Loans in MBS Shifts in 4Q22

First Republic Looking to Gain Share in Jumbo Market

GSE Business Even More Concentrated in ‘Core’ Products

CDFI Proposal Could Impact Non-Agency Players

Variety of Non-Agency MBS on Offer in January

Fix-and-Flip Turning into Fix-and-Rent for Some Investors

Non-QM Lenders Launch New Bank Statement Products

News Briefs

Latest Imf News

Jumbo Mortgages Gaining Share in Originations

Annaly Brings Exceptionally Large Expanded-Credit MBS

Non-Agency MBS Investors Showing Insatiable Demand

Lennar Reducing Incentives for Home Purchases

Featured Data

Agency MBS Issuance Down in May as Refinance Falters

Correspondent Share Slips in First Quarter of 2026

FHA Refis Sole Bright Spot in First-Quarter Originations

Banks’ Mortgage Holdings Inch Down in First Quarter

Featured Reports

Agency Channel Analysis: 1Q26 (PDF)

Guide to Mortgage Lending to First-Time Homebuyers

IMF HMDA Dashboard: 2025

2026 Mortgage Market Statistical Annual (PDF)

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

January 27, 2023

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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?