| Inside Mortgage Finance

Citadel, Verus Resume Originating Non-QMs

After a pause for about four months, Citadel Servicing and Verus Mortgage Capital have re-entered the non-qualified mortgage market. But Citadel is no longer offering non-QMs based on one-month bank statements. Read More

Noncore GSE Business Up in 2Q, Market Share Declines

GSE business in various noncore categories increased during the second quarter as lenders turned their focus to agency business. (Includes data chart.) Read More

Redwood's Business-Purpose Lending Fared Better than Jumbos in 2Q

The REIT’s aggregation of non-agency mortgages typically dwarfs its business-purpose lending activity, but that wasn’t the case in the second quarter of 2020. Read More

Major Discrepancies Seen in Non-Agency MBS Reporting

A lack of standardized reporting is causing problems for non-agency MBS investors. In one non-QM MBS, research firm dv01 found 233 loans that had been modified while the trustee reported only 41 mods. Read More

Non-QM MBS Delinquencies Decline in June

After increasing in March, April and May, the delinquency rate on securitized non-QMs declined in June. Now servicers are grappling with forbearance plans that are expiring. Read More

Denial Rates on Applications for Jumbos Vary Widely

Overall, 14.6% of applications for jumbo mortgages were denied in 2019. Among the top 10 lenders, denial rates ranged from 1.1% to 41.5%. (Includes data chart.) Read More

REITs Seeing Mixed Results with Non-QMs

MFA and Western Asset Management took losses on non-QMs in 2Q. Anworth is in a holding pattern and Starwood is buying non-QMs at a discount. Read More

A New Prime Non-Agency MBS Issuer and More Non-QM Deals

An affiliate of Bayview Asset Management entered the prime non-agency MBS market and non-QM MBS issuers continue to stock deals with seasoned loans. Read More

News Briefs

Share of non-agency mortgages in forbearance down slightly; Impac takes a loss in 2Q. Read More

Inside Nonconforming Markets

August 7, 2020

View Archived Issues

Citadel, Verus Resume Originating Non-QMs

Noncore GSE Business Up in 2Q, Market Share Declines

Redwood's Business-Purpose Lending Fared Better than Jumbos in 2Q

Major Discrepancies Seen in Non-Agency MBS Reporting

Non-QM MBS Delinquencies Decline in June

Denial Rates on Applications for Jumbos Vary Widely

REITs Seeing Mixed Results with Non-QMs

A New Prime Non-Agency MBS Issuer and More Non-QM Deals

News Briefs

Latest Imf News

Agency Jumbo Volume Holds Steady in Third Quarter

Housing Bill With Bipartisan Support Introduced in House

Fannie Mae’s MBS Holdings Increase Again in November

Trump Admin Reorients FSOC to Growth and De-Regulation

Featured Data

Non-Agency Jumbo Originations Slow in Third Quarter

Jumbo Servicing Volume Slightly Down in Third Quarter

Refis Lift Agency MBS to Three-Year High in November

Broker Channel Regains Some Share in Third Quarter

Featured Reports

Lender Profiles 2Q25: Top 25 (PDF)

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Mortgage Profitability Report 2Q25 (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

August 7, 2020

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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?