Guide to Jumbo Lending and Non-Agency Conduits, 3rd Edition Print Edition with U.S. Shipping
Published September 2015
Jumbo mortgages accounted for 20.9 percent of 2Q15 originations, continuing an upward trendline the sector has been on since 2009 and nearing its highest share ever.
But nearly all of the jumbo originations made since 2009 have been held in portfolio by banks who see the value of the large loans’ good yield, strong performance and potential to open the relationship with affluent borrowers who are strong targets for other banking products.
Efforts to revive the non-agency market, meanwhile, have yet to hit cruising altitude. Among the forces working to diversify the options for jumbos are a wide range of conduits that have been involved in the new era of jumbo MBS since 2010.
In a third edition of the Guide to Jumbo Lending and Non-Agency MBS Conduits, Inside Mortgage Finance looks at all aspects of the jumbo market, including data on originations and securitization, funding options, analysis of the impact of rules from the Consumer Financial Protection Bureau and Securities and Exchange Commission, and details about the conduits that are active in jumbo securitization.
Partial Table of Contents
Originations of Non-Agency Jumbo Mortgages
GSE Loan Limits
GSE Reform Efforts in Congress
The Non-Agency Jumbo MBS Market
Contributors to Jumbo MBS
Non-Agency Jumbo MBS Characteristics
Jumbo MBS Servicing Trends
Variety in Underwriting Standards
Originations by New Lenders
Funding Via FHLBank Advances
Jumbo MBS and the CFPB’s Disclosure Rule
Non-Agency MBS Backed By Non-QMs
Treatment of Loans with ‘Alt’ Documentation
Non-Agency Jumbo MBS Conduits
Five Oaks Investment
Two Harbors Investment
WinWater Home Mortgage
Includes This Data:
- Top Non-Agency Jumbo Mortgage Producers: 6M15
- Top Bank/Thrift First-Lien Residential Mortgage Portfolios: 2Q15
- Top Non-Agency Jumbo MBS Issuers: 6M15
- Top Non-Agency Jumbo MBS Underwriters: 6M15
- Top Originators of Securitized Jumbo Mortgages: 6M15
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