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Inside Nonconforming Markets

December 15, 2023

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Retail Channel Loses Some Share in Jumbo Market

While the retail channel remained the predominant source for jumbo lending, originations through the channel fell 9.0% from the second to the third quarter. Correspondents and brokers gained share. (Includes data table.) Read More

Consumer Groups Hail New CDFI Certification Process

The changes to the CDFI certification process provide increased flexibility while ensuring organizations remain mission driven. Read More

Banks/Thrifts Add to Mortgage Portfolios in Third Quarter

First-lien mortgage portfolio holdings at banks and thrifts increased by 0.8% from June to September. (Includes data table.) Read More

DSCR Loans Drive Year-End MBS Push

PIMCO, Invictus Capital Partners, Angel Oak and Angelo Gordon are expected to issue securitizations backed by investment-property mortgages underwritten using debt-to-service coverage ratio. Read More

ARM Lending Holds Steady in Third Quarter

Originations of adjustable-rate mortgages stayed flat in the third quarter while total first-lien production declined somewhat. (Includes data table.) Read More

Home Equity Lending Projected to Grow in 2024

CoreLogic expects home equity lending to increase next year following a lull in HELOC originations this year. Read More

Market Shifts Creating New Opportunities for Non-QM Products

Alternative-documentation and investor-property mortgage products are gaining interest, according to loan trading platform Maxex. Read More

News Briefs

Upright adds DSCR loans; A&D Mortgage approved for lending in Iowa; Faes & Co launches fund for bridge loans; Newfi joins ARIVE lender marketplace. Read More

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