| Inside Mortgage Finance

Expanded-Credit Lending Up in 3Q, Sector Loses Market Share

Originations of non-QMs and other expanded-credit products increased in the third quarter though not as quickly as total first-lien originations, which were boosted by refi business. (Includes data chart.) Read More

United Shore Tops Prime Non-Agency MBS Contributors

The parent company of United Wholesale Mortgage was the top originator of mortgages in prime non-agency MBS issued in the third quarter. Underwriting standards haven’t changed much in the past year. (Includes two data charts.) Read More

Impac Adjusts Non-QM Strategy After Decline in Production

Impac is making some changes aimed at increasing originations of non-QMs after focusing on GSE refis in 3Q19. The lender’s profitability took a hit as GSE mortgages offer lower margins than non-QMs. Read More

Non-QM Market Waiting for CFPB Action on QM ‘Patch’

It’s still not clear how the CFPB will address the patch for qualified mortgages, prompting speculation among participants in the non-QM market. The bureau has the issue listed on its December agenda. Read More

Self-Employed Non-QM Borrowers Seen as ‘Tax Efficient’

One of the most common types of non-qualified mortgages is a loan for self-employed borrowers underwritten with bank statements. Borrowers often opt for a non-QM rather than re-file taxes. Read More

Expanded-Credit Deals Lead Latest Non-Agency MBS

Seven non-agency MBS deals are in the market at the moment, including five expanded-credit MBS. Many other deals are also in the works. Read More

Share of eMortgages in Non-Agency MBS Insignificant

Few eMortgages are being originated for non-agency MBS due to many factors, including costly tech and uncertainty over foreclosures. Read More

News Briefs

GSE 2020 baseline conforming loan limit; ARRC fallback language for ARMs; Finance of America Reverse reduces eligibility age for non-agency products. Read More

Inside Nonconforming Markets

November 22, 2019

View Archived Issues

Expanded-Credit Lending Up in 3Q, Sector Loses Market Share

United Shore Tops Prime Non-Agency MBS Contributors

Impac Adjusts Non-QM Strategy After Decline in Production

Non-QM Market Waiting for CFPB Action on QM ‘Patch’

Self-Employed Non-QM Borrowers Seen as ‘Tax Efficient’

Expanded-Credit Deals Lead Latest Non-Agency MBS

Share of eMortgages in Non-Agency MBS Insignificant

News Briefs

Latest Imf News

Refi Lending Spikes in 4Q, Purchase Mortgages Slow

Delinquencies Climb During Fourth Quarter, Led by FHA

GSEs Getting Aggressive With Cash Window Pricing

Onity’s Earnings Helped by Release of Tax Valuation Allowance

Featured Data

FHA Delinquencies Rise to Pandemic Levels

Expanded-Credit MBS Issuance Slows in 4Q

New Nonbank Servicing Giant Emerges in Fourth Quarter

January Ushers In New Year With Modest Gain in MBS

Featured Reports

Mortgage Servicing Rights Report: 3Q25 (PDF)

IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (PDF)

IMF HMDA Dashboard: 2024

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

November 22, 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?