| Inside Mortgage Finance

WAMCO Leads Crop of Expanded-Credit MBS

Issuance of expanded-credit MBS is set for a strong start in the third quarter. Presale reports for eight deals were published in the past two weeks, including the second-largest post-crisis issuance. Read More

Expanded-Credit MBS Underwriting Standards Level in 2Q

Average credit scores, DTI ratios and LTV ratios are staying relatively steady as expanded-credit MBS issuance booms. Lenders are putting more emphasis on underwriting based on alternative documentation. Read More

FDIC Rule Could Boost Non-Agency MBS Issuance

The FDIC has proposed a rule that would ease disclosure requirements for banks issuing non-agency MBS. Read More

Lenders Weigh in on Getting LOs to Offer Non-QMs

A number of correspondent aggregators at a recent conference provided tips on how to convince loan originators to offer non-QMs. Read More

Chase, Flagstar Make Moves with Jumbo MBS

JPMorgan Chase is increasing its issuance of jumbo MBS backed by loans with relatively high LTV ratios. Meanwhile, Flagstar Bank is contributing loans to a jumbo MBS from Goldman Sachs. Read More

SOFR Likely to Replace LIBOR in New ARMs

The Alternative Reference Rate Committee detailed how a modified SOFR could be used in place of LIBOR for new ARM originations. It also proposed fallback language to move new ARMs away from LIBOR. Read More

More QM ‘Patch’ Solutions Offered

The CFPB should allow compensating factors to be considered in lieu of a strict 43% DTI ratio limit for determining QM status, according to two separate proposals. Read More

Investors See Value in GSE-Eligible Non-Agency MBS

Non-agency MBS with GSE-eligible investment-property mortgages can of-fer better execution for lenders than delivering loans to the GSEs. Read More

Inside Nonconforming Markets

July 19, 2019

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WAMCO Leads Crop of Expanded-Credit MBS

Expanded-Credit MBS Underwriting Standards Level in 2Q

FDIC Rule Could Boost Non-Agency MBS Issuance

Lenders Weigh in on Getting LOs to Offer Non-QMs

Chase, Flagstar Make Moves with Jumbo MBS

SOFR Likely to Replace LIBOR in New ARMs

More QM ‘Patch’ Solutions Offered

Investors See Value in GSE-Eligible Non-Agency MBS

News Briefs

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Featured Data

FHA Delinquencies Rise to Pandemic Levels

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Featured Reports

Mortgage Profitability Report 3Q25 (PDF)

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IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (PDF)

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

July 19, 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?