November 17, 2023

Weak Demand Drags Jumbo Production Down in 3Q

High interest rates and tighter credit boxes led to a decrease in originations of non-agency jumbos in the third quarter of 2023. (Includes data table.) Read More

Angel Oak REIT Returns to Profitability in Third Quarter

A reduction in operating expenses and acquisitions of newly originated non-qualified mortgages helped Angel Oak’s mortgage REIT post an $8.3 million profit in the third quarter. Read More

Non-Agency Activity Boosts Ellington

Ellington Financial’s profits increased in the third quarter thanks to moves involving non-agency mortgages. Meanwhile, AG Mortgage Investment Trust took a loss in the quarter. Read More

Jumbo Servicing Portfolios Flat in 3Q

Chase remained the top servicer of jumbo mortgages in the third quarter of this year, followed by Wells Fargo. (Includes data table.) Read More

Rate Volatility Causes MFA to Post More Losses

MFA Financial’s CEO said the third quarter of 2023 was its toughest since the Federal Reserve began its rate-hiking cycle 20 months ago. Read More

Altisource Takes Another Loss Amid Review

Altisource Asset Management spilled $13.4 million of red ink in the third quarter, bringing its total losses to $23.9 million since the fourth quarter of 2022. Read More

Rising Debt and Rates May Hurt DSCR Performance

Student loan debt and rising interest rates are causing challenges for mortgages underwritten using debt service coverage ratios. Read More

Affluent Buyers Turn to All-Cash Offers

Affluent homebuyers are choosing all-cash deals over mortgage financing to avoid the high-interest rate environment. Read More

News Briefs

CFPB increases threshold to determine whether higher-priced mortgage loans are subject to special appraisal requirements; LoanStream licensed in Alaska; Upstart launches HELOC product; Valley National Bank launches HELOC for LMI borrowers. Read More

Inside Nonconforming Markets

View Archived Issues

Weak Demand Drags Jumbo Production Down in 3Q

Angel Oak REIT Returns to Profitability in Third Quarter

Non-Agency Activity Boosts Ellington

Jumbo Servicing Portfolios Flat in 3Q

Rate Volatility Causes MFA to Post More Losses

Altisource Takes Another Loss Amid Review

Rising Debt and Rates May Hurt DSCR Performance

Affluent Buyers Turn to All-Cash Offers

News Briefs

Latest Imf News

Non-Agency Jumbo Lending Up Nearly Across the Board in 4Q

Consumer Advocates Raise Concerns About Trump’s Mortgage Plans

loanDepot Back in Wholesale, Aiming for Efficiency

Intercontinental Exchange Testing Voice, Chat Agents for Servicing

Featured Data

FHA, VA Refi Endorsements Soar in Fourth Quarter

First-Lien Holdings at Banks Continue to Rise in 4Q

Select Portfolio Loses Some Servicing Market Share in 4Q

Agency Market Phones It In, Rate Refis Slow in February

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IMF Mortgage Directory: Full interactive database

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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?

Inside Nonconforming Markets

November 17, 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?