| Inside Mortgage Finance

Neuberger Berman, MFA Plan to Issue Non-QM MBS

The stall in issuance of non-QM MBS could be close to an end. Two firms plan to issue deals, though the exact timing isn’t clear. Read More

Sprout Resumes Originations of Non-QMs with Tighter Underwriting

Sprout Mortgage, the third-ranked expanded-credit lender in 2019, has restarted non-QM lending, but with tighter underwriting standards. Read More

Non-Agency Forbearance Increasing, Liquidity Facility Sought

Forbearance on non-agency mortgages is on the rise, presenting liquidity risk for servicers. Federal agencies have yet to offer a helping hand. Read More

Expanded-Credit MBS Market Shifted Before Collapsing

The types of mortgages included in expanded-credit MBS changed somewhat during the first quarter of 2020, even before COVID-19 hit. (Includes three data charts.) Read More

Jumbo Lenders Adjusting After Market Volatility

Underwriting standards are tighter and there are fewer lenders in the market, but jumbo mortgages are still being originated. Read More

Annaly Pulls Back Investments in Non-Agency Assets

Annaly’s investments in non-agency assets fell by 33% between the end of 2019 and March 31. The REIT sold some of its holdings and issued two non-agency MBS during the first quarter. Read More

Lull in Non-Agency MBS Ended with a Reverse Mortgage Deal

The resumption of non-agency MBS deals backed by newly originated loans came from an unexpected source: a reverse mortgage lender. Read More

CFPB’s QM Proposal Due Despite Market Uncertainty

The CFPB likely will propose revisions to QM standards in May. Feedback from non-agency participants could be minimized as the market for non-QMs collapsed recently. Read More

News Briefs

Redwood MBS could be downgraded due to stop-advance feature; Moody’s assesses Finance of America Mortgage; non-QM lender PCMA signs lease for new headquarters. Read More

Inside Nonconforming Markets

May 1, 2020

View Archived Issues

Neuberger Berman, MFA Plan to Issue Non-QM MBS

Sprout Resumes Originations of Non-QMs with Tighter Underwriting

Non-Agency Forbearance Increasing, Liquidity Facility Sought

Expanded-Credit MBS Market Shifted Before Collapsing

Jumbo Lenders Adjusting After Market Volatility

Annaly Pulls Back Investments in Non-Agency Assets

Lull in Non-Agency MBS Ended with a Reverse Mortgage Deal

CFPB’s QM Proposal Due Despite Market Uncertainty

News Briefs

Latest Imf News

MSR Investors Face Uncertainty on Prepayments

Government-Insured Lending Rises During 3Q

Rithm Releases $400+ Million MSR Securitization

GSEs, FHLBanks Partner to Boost Housing in Tribal Lands

Featured Data

Another Strong Quarter for Non-Agency MBS Issuance

Ginnie Refi Business Again Posts Solid Gains in October

GSE CRT Up Modestly, Investors Show Strong Demand

Ginnie Loan Removals Spike in 3Q24, VA Activity Leads

Featured Reports

Top Mortgage Players: 2Q24 (PDF)

Mortgage Profitability Report 2Q24 (PDF)

Agency Channel Analysis: 3Q24 (PDF)

IMF Mortgage Directory: Full interactive database

Featured Poll

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

Inside Nonconforming Markets

May 1, 2020

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?