Investor purchases of single-family rentals are on the rise, with many of the new rentals being owned by smaller independent investors.

Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.

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.)

The investor share of home purchases hit an all-time high in December.

The last-minute decision by the Trump administration to reduce GSE purchases of speculative and riskier loans had some unintended consequences.

The A&D mortgage shelf plans to issue six expanded-credit MBS this year.

Downpayments has secured funding allowing it to offer downpayment loans for investment properties secured by a second mortgage.

The amount of fix-and-flip properties sold in the third quarter of last year was down slightly but investors are hopeful that the market will pick up steam in 2024.

Student loan debt and rising interest rates are causing challenges for mortgages underwritten using debt service coverage ratios.

Fannie imposes a draconian 3% cap on NOO loans for some lenders to ensure it meets the 7% cap required under the PSPA. Freddie, already under the cap, puts its threshold at 6%.