| Inside Mortgage Finance

Expanded-Credit MBS Issuance Hits Record High in 1Q

Issuance of expanded-credit mortgage-backed securities hit $5.97 billion in the first quarter of 2019, a record for the sector. It also topped prime non-agency MBS volume for the third consecutive quarter.

Issuance of Prime Non-Agency MBS Slows; Projections Slashed

Issuance of prime non-agency mortgage-backed securities slowed in the first quarter of 2019, prompting industry analysts to reduce their volume projections for the full year.

JPMorgan Non-QM MBS Packed Mostly With Loans to Self-Employed Borrowers

JPMorgan Chase is set to issue its first MBS stocked solely by non-qualified mortgages on primary residences. Many of the loans in the $440.54 million deal went to self-employed borrowers.

Interest-Only Mortgage Lending Declines in 2018

Interest-only mortgage originations in 2018 declined 12.1% among a group of top-ranked lenders. The decline was slightly greater than the drop in total first-lien originations.

Nonprime Lenders Increase Production in First Quarter

Citadel Servicing and Angel Oak Companies reported a sharp increase in origination of nonprime mortgages for the first quarter. Demand from borrowers for non-qualified mortgages remains strong.

ARM Lending and Market Share Decline in 2018

Originations of adjustable-rate mortgages declined 11.6% in 2018, driven by sharp decreases at a number of banks that dominate ARM production. The sector also lost some market share during the year.

Lenders Launch Non-QM Programs, Enhance Offerings

The market for non-qualified mortgages is getting more crowded, with new lenders entering the space and other lenders adding to their programs or enhancing their offerings.

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Inside Nonconforming Markets

April 12, 2019

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Expanded-Credit MBS Issuance Hits Record High in 1Q

Issuance of Prime Non-Agency MBS Slows; Projections Slashed

JPMorgan Non-QM MBS Packed Mostly With Loans to Self-Employed Borrowers

Interest-Only Mortgage Lending Declines in 2018

Nonprime Lenders Increase Production in First Quarter

ARM Lending and Market Share Decline in 2018

Lenders Launch Non-QM Programs, Enhance Offerings

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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

April 12, 2019

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