May 2, 2025

Refis Boost Prime Non-Agency MBS in First Quarter

The volume of rate/term refis in prime non-agency MBS more than doubled compared with the fourth quarter of 2024. Still, purchase mortgages dominate issuance. Read More

Redwood’s Jumbo Business Booming

Redwood Trust had a 73% increase in jumbo lock volume for the first quarter, helped by seasoned loans sold by banks. Read More

SPS Retakes Lead Among Non-Agency MBS Servicers

Shellpoint Mortgage Servicing passed Newrez/Shellpoint with servicing tied to non-agency MBS issued in the first quarter. The bulk of SPS’ servicing is focused on expanded-credit mortgages. Read More

Annaly Seeing Resilient Demand for Non-Agency MBS

Annaly started marketing an expanded-credit MBS last month just as President Trump announced new tariffs. The deal went through at a spread that likely wouldn’t have been achievable as recently as three years ago. Read More

Rate Expands Non-Agency Offerings With Non-QMs

The nonbank launched a new product line with expanded-credit offerings for self-employed workers, asset-rich people, investors and buy-before-you-sell borrowers. Read More

Rithm’s Investment Portfolio Recovers in First Quarter

Rithm is both a buyer and seller of non-agency mortgages. Wider spreads in recent months have helped generate strong returns from loan acquisitions. Meanwhile, RTL production through its Genesis unit slowed during the first quarter. Read More

Northpointe Bank Increasing HELOC Production

The Michigan-based bank is putting an emphasis on a unique home equity line of credit product. Read More

News Briefs

Impairment rate on non-QMs declines; new issuers of home equity loan securitizations; bank offers new jumbo ARMs via wholesale channel; proprietary reverse-mortgage product from Liberty Reverse Mortgage. Read More

Inside Nonconforming Markets

View Archived Issues

Refis Boost Prime Non-Agency MBS in First Quarter

Redwood’s Jumbo Business Booming

SPS Retakes Lead Among Non-Agency MBS Servicers

Annaly Seeing Resilient Demand for Non-Agency MBS

Rate Expands Non-Agency Offerings With Non-QMs

Rithm’s Investment Portfolio Recovers in First Quarter

Northpointe Bank Increasing HELOC Production

News Briefs

Latest Imf News

Ginnie Share of Mortgage Servicing Reaches 18.3% in 3Q

Average Home Sale Price at KB Home Drops to 2023 Level

Ginnie to Align Liquidation Reporting With GSE Standards

Non-QM Lenders Tapping AI to Automate Underwriting

Featured Data

Largest Sellers See GSE Deliveries Wane in November

Third-Party Lenders Boost Market Share in Third Quarter

Bank Mortgage Repurchases Decline in Third Quarter

Mortgage REITs Up Agency MBS, Shed Non-Agency

Featured Reports

Agency Seller-Issuer Profile: 3Q25 (PDF)

Mortgage Servicing Rights Report: 3Q25 (PDF)

Lender Profiles 2Q25: Top 25 (PDF)

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

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

May 2, 2025

Download Files:

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?