April 7, 2023

Non-Agency MBS Issuance Surges in First Quarter

Issuance doubled compared with the fourth quarter of 2022. However, issuance slowed considerably in March following the failures of two regional banks. (Includes data chart.) Read More

Non-QM Performance Weakens in Early 2023

Delinquencies and modifications of non-qualified mortgages increased again in February, continuing a trend that started over the summer. Read More

BPL Lenders Look to Boost Business as Banks Falter

Rising interest rates are taking a toll on banks but they could also be creating more prospects in the near-term for bridge and fix-and-flip loans. Read More

Figure Scores AAA Rating with HELOC Securitization

A new HELOC securitization from Figure Lending received preliminary AAA ratings, a first for the issuer. Read More

Banks Turn to Portfolios to Compete with Nonbanks

Banks are using their substantial balance sheet capacity to fight off challenges from nonbanks, according to analysts at the OCC. Read More

Specialization Needed with Affluent Borrowers

Affluent borrowers seeking jumbo mortgages have high expectations in terms of customer service. Lenders looking to work with such borrowers should establish specialized standards, according to an industry analyst. Read More

CFPB Offers Exemption to IPLs in HMDA-Like Rule

The CFPB has established new reporting requirements on loans for small businesses. Investment-property loans already reported under HMDA are exempt from the new standards. Read More

News Briefs

First Republic’s servicer rating downgraded; Moon Mortgage offering jumbos with qualification based on cryptocurrency holdings; DBRS adds due diligence provider to “acceptable” list; Utah loosens age requirement for proprietary reverse mortgages. Read More

Inside Nonconforming Markets

View Archived Issues

Non-Agency MBS Issuance Surges in First Quarter

Non-QM Performance Weakens in Early 2023

BPL Lenders Look to Boost Business as Banks Falter

Figure Scores AAA Rating with HELOC Securitization

Banks Turn to Portfolios to Compete with Nonbanks

Specialization Needed with Affluent Borrowers

CFPB Offers Exemption to IPLs in HMDA-Like Rule

News Briefs

Latest Imf News

Refis Push Primary MI Volume Up in Fourth Quarter

Interest Rates on Mortgages Fall to Lowest Level Since 2022

Investor Demand for Non-Agency MBS Remains Strong

Opendoor to Offer Mortgages for Homebuyers

Featured Data

M&A Reshapes Conventional Mortgage Market

Bank MB Earnings Slump in 4Q25 Despite Higher Volume

Correspondents Lose Share in Agency Securitizations

CRE Securitization Rises in 2025 With Agency MF Boost

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)

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

April 7, 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?