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Inside Nonconforming Markets

September 13, 2019

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Treasury Calls for Reforms to Boost Non-Agency Market

The Treasury report on housing-finance reform included a number of suggestions on how federal regulators could promote a level playing field between the GSEs and non-agency players. Read More

Treasury, Redwood Weigh In on QM ‘Patch’ Resolution

In comments on ways to address the end of the qualified mortgage patch, the Treasury suggested using a bright-line test while Redwood cautioned against using a metric based on the interest rate of a mortgage. Read More

Jumbo Servicing Continues Steady Growth in Second Quarter

Servicing portfolios stocked with jumbo mortgages continued to steadily increase in the second quarter. However, portfolio growth at the top two servicers hasn’t kept pace with the market overall. Read More

Nonbanks Differ on Jumbo Loan Sale Strategies

The top correspondent sellers of jumbo mortgages vary in where they sell loans. About half of sales in 2018 were to banks, about a third went to nonbanks and the rest was delivered directly to non-agency MBS. Read More

Florida Gains Market Share for Jumbo Originations

Among the top five states for originations of non-agency jumbos in 2018, production increased only in Florida on an annual basis. California remains the top state for jumbo lending. Read More

Subprime Servicing Declining at Most Firms, Citadel Stands Out

Servicing portfolios at most of the major subprime servicers are shrinking, except at Citadel Servicing. The firm has more than doubled its servicing portfolio in the past year. Read More

Non-Agency MBS Issuance Picks Up After August Lull

Activity in the non-agency MBS market is resuming after a slowdown in the second half of August. Presale reports for five deals have been published this month, led by prime non-agency MBS. Read More

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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?

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