| Inside Mortgage Finance

CFPB QM Proposal Could Boost Non-Agency Market

The proposal could eliminate GSE eligibility as a standard for a loan to be deemed a qualified mortgage. The regulator aims to level the playing field between the non-agency market and Fannie/Freddie. Read More

Expanded-Credit MBS Flood Market Toward Quarter-End

Eleven expanded-credit MBS have been introduced since June 15, with a total unpaid principal balance of $3.4 billion. Read More

Prime Non-Agency MBS Increase Near End of June

Three prime non-agency deals were brought to market at the end of June. One of them is backed by GSE-eligible investment-property loans. Read More

FHFA Reignites Debate on REIT Access to FHLBanks

The naysayers doubt nonbank originators and servicers have sufficient capital and liquidity to weather a storm. Read More

Bank Mortgage Holdings Inch Up in 1Q20

Bank and thrift holdings of first liens increased just 0.3% in the first quarter. While BofA’s portfolio increased, Wells and Chase cut theirs. (Includes data chart.) Read More

MFA Back on Track to Issue Non-QM MBS

A recent cash infusion will help MFA Financial revive its first ever non-QM MBS. The deal had been put on hold because of the pandemic. Read More

Originations of Interest-Only Mortgages Tumble in First Quarter

Interest-only loan production dropped nearly 25% in 1Q. Meanwhile, the share of IOs originated in areas vulnerable to storms is increasing. (Includes data chart.) Read More

Impac Sees Red Ink on Non-QMs Sold During 1Q

Sales of non-QMs at distressed prices accounted for a large share of the nearly $65 million loss Impac took in the first quarter. Read More

ARM Market Share Shrinks, Production Drops 20% in 1Q

Nine of the top 10 ARM lenders reduced production in the first quarter. Overall, ARM volume fell 20.3%. (Includes data chart.) Read More

News Briefs

Velocity issues unrated MBS; non-QM lenders loosen guidelines; Caliber settles with NYAG on loan mods; EasyKnock raises capital. Read More

Inside Nonconforming Markets

June 26, 2020

View Archived Issues

CFPB QM Proposal Could Boost Non-Agency Market

Expanded-Credit MBS Flood Market Toward Quarter-End

Prime Non-Agency MBS Increase Near End of June

FHFA Reignites Debate on REIT Access to FHLBanks

Bank Mortgage Holdings Inch Up in 1Q20

MFA Back on Track to Issue Non-QM MBS

Originations of Interest-Only Mortgages Tumble in First Quarter

Impac Sees Red Ink on Non-QMs Sold During 1Q

ARM Market Share Shrinks, Production Drops 20% in 1Q

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

June 26, 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?