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

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

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?