Alt A Mortgage

Browse articles from all of our Newsletters related to Alt A Mortgage.

November 30, 2018 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


November 30, 2018 - Inside Nonconforming Markets

News Briefs

Two mortgage-backed securities with non-qualified mortgages originated by Impac Mortgage Holdings are in the works, according to presale reports released last week. An affiliate of Starwood Capital Group plans to issue a $280.0 million MBS with loans solely originated by Impac, while Deephaven Mortgage plans to issue a $374.3 million deal with production from 77 lenders, led by Impac with a 14.7 percent share. Among nine mortgage-backed securities ... [Includes two briefs]


November 30, 2018 - Inside Nonconforming Markets

Citadel Boosts Portfolio; Ocwen Eyeing Growth

Among the top 15 servicers of subprime mortgages, only one grew its portfolio over the 12 months prior to the end of September, according to a new ranking and analysis by Inside Nonconforming Markets. The increase was posted by Citadel Servicing Corp., which is boosting its portfolio with originations of nonprime mortgages. Citadel handled a subprime portfolio with an unpaid principal balance of $1.80 billion as of September-end. The portfolio grew ... [Includes one data chart]


November 16, 2018 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


November 16, 2018 - Inside Nonconforming Markets

GSEs Letting Nonprime Holdings Taper Off

Fannie Mae and Freddie Mac continue to let their holdings of nonprime mortgages gradually taper off, according to a new analysis by Inside Nonconforming Markets. The government-sponsored enterprises held a total of $91.01 billion of nonprime mortgages at the end of September, largely in purchased/guaranteed loans originated before the financial crisis. The holdings were down by 21.2 percent on an annual basis. In the past year, Fannie has ... [Includes one data chart]


November 16, 2018 - Inside Nonconforming Markets

Ocwen Looks to Grow After Acquiring PHH

Ocwen Financial plans to boost its servicing portfolio and possibly originate nonprime mortgages now that it has acquired PHH Corp. Ocwen is by far the largest servicer of subprime mortgages but the nonbank to this point hasn’t focused its origination efforts on the portfolio. It has also been under servicing-acquisition constraints set by various regulators for years due to issues with its servicing practices. “We’re excited about the opportunity to resume growth activities, as permitted by ...


November 16, 2018 - Inside Nonconforming Markets

Non-QM Share of Impac’s Originations Up Sharply

The non-qualified mortgage share of Impac Mortgage Holding’s total originations has increased significantly in the past year. The nonbank lender has enhanced its marketing efforts for such loans as the volume of conventional refinances has declined. Non-QMs accounted for 40.9 percent of Impac’s $853.2 million total originations in the third quarter of 2018 compared with 11.5 percent of $2.08 billion of originations a year ago. Impac’s non-QM originations increased 45.9 percent to $349.2 million ...


November 16, 2018 - Inside Nonconforming Markets

Expanded-Credit Volume Up 10.5 Percent in 3Q

Among the four main mortgage products, only originations of expanded-credit loans increased on a quarterly basis in the third quarter, according to a new ranking and analysis by Inside Nonconforming Markets. Originations of expanded-credit loans rose 10.5 percent in the third quarter. The sector includes non-qualified mortgages, nonprime loans, mortgages with alternative documentation and any other non-jumbo mortgages not eligible for delivery to ... [Includes one data chart]


November 2, 2018 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


November 2, 2018 - Inside Nonconforming Markets

Expanded-Credit MBS Underwriting Not Loosening Much; Prepayment Rates High

Trends in underwriting expanded-credit mortgages differ from what’s happening in the broader market, according to a new analysis by Inside Nonconforming Markets. Lenders have generally started to loosen standards for debt-to-income ratios and loan-to-value ratios as originations decline and the product mix shifts from refinances to purchase mortgages. However, in the expanded-credit market, credit characteristics were largely stagnant in the past year ... [Includes one data chart]


Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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