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Inside Nonconforming Markets

May 10, 2024

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Jumbos Drive Non-Agency MBS Issuance in 1Q24

Non-agency MBS issuance more than doubled on a sequential basis in the first quarter of 2024, with jumbo mortgages making up the majority of loans in the deals. (Includes three data tables.) Read More

Strong Investor Demand for Non-Agency Mortgages

The securitization market is favorable for non-agency mortgages, aggregators and originators noted during first-quarter earnings calls. Read More

Higher-Priced Lending Declines in 2023

Originations of higher-priced loans, a proxy for subprime mortgages, declined in 2023 but held up better than total originations. (Includes two data tables.) Read More

Bank Partnerships Bolster Redwood’s Earnings

The real estate investment trust reported a jump in net income for the first quarter, helped by a rise in lending partnerships with banks. Read More

Shellpoint Maintains Lead in Non-Agency MBS Servicing

Shellpoint Mortgage Servicing was the top servicer of mortgages backing non-agency MBS issued during the first quarter. Select Portfolio Servicing followed closely behind. (Includes data table.) Read More

NYMT Enhances Focus on BPL Acquisitions

New York Mortgage Trust acquired $302.0 million of business-purpose loans in the first quarter, a 30% increase from the prior period. Read More

Angel Oak REIT’s Income Declines in First Quarter

The company continues to offload older non-qualified mortgages, helping to increase the weighted-average coupon on its loan portfolio. Read More

Rithm Returns to Profit in 1Q Led by Non-Agency Originations

The real estate investment trust originates non-qualified mortgage, home equity and agency loans through its NewRez unit, and funds residential transition loans through its Genesis Capital affiliate. Read More

News Briefs

Carrington hires Winokur; Newfi expands EquityChoice product to new states; Loanstream offers special pricing for non-QMs. Read More

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