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Inside Nonconforming Markets

July 5, 2024

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Jumbos, GSE-Eligible Loans Boost 2Q Non-Agency MBS

An uptick in securitization of jumbo and GSE-eligible loans helped increase total non-agency MBS issuance in the second quarter. (Includes data tables.) Read More

Non-Agency Market Sees Danger in Freddie CES Pilot

The $2.5 billion cap for Freddie’s pilot program to buy closed-end seconds should limit impact on the non-agency secondary market. But industry players worry about the long-term risks if the pilot is successful. Read More

Rise in Investor Loans Brings Challenges for Servicers

Servicers must adjust their thinking on delinquencies, reserves and collections when the borrower is an investor rather than an occupant. Read More

Securitization Ratings Will Expand RTL Market

John Beacham, CEO of Toorak Capital Partners, said ratings on fix-and-flip securitizations are attracting more investor interest and prompting better pricing for issuers. Read More

GSEs Stick to Core Business in Second Quarter 2024

Most of the noncore categories where the GSEs are active lagged overall market growth. The one that didn’t: conforming jumbos. (Includes data table.) Read More

Dominion Adds TPO Channel for DSCR Program

The business-purpose lender launched a broker channel and expects to expand its wholesale operations in the years to come. Read More

Samara Launches ADU Financing Product

It remains a challenge to finance accessory dwelling units through traditional mortgage products. A new financing option from an ADU builder looks to overcome that challenge. Read More

Fractional Homeownership Company Boosts Capital

Quarter says the funds will be used to finance 300 additional homes. Read More

Flipped Home Sales Increase, Financing Share Flat in 1Q

One in 12 home sales in the first quarter of 2024 was a flipped home, but only one-third of flippers used financing. Read More

News Briefs

EquiFi hires new leadership for mortgage division; Encompass Lending to use FICO Score 10T; LoanStream announces July pricing special; Change Lending appoints new CFO. Read More

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