July 2, 2021

Non-Agency MBS Issuance Jumps Across the Board in 2Q21

Issuance of non-agency securities increased 81.3% in the second quarter of 2021. Volume was boosted by the spike in deliveries of GSE-eligible mortgages following regulatory changes in the agency market. (Includes data chart.) Read More

Non-Agency Market on Edge Post Calabria’s Departure

Trump-era GSE policies that helped boost activity in the non-agency market could be reversed as Biden appointees take charge at the FHFA. Read More

CFPB’s Final Servicing Rule Includes the Non-Agency Market

The CFPB scaled back a proposed foreclosure moratorium and declined a request to exempt non-agency loans from the new standards. Read More

Redwood’s Jumbo Business Slows Slightly in Second Quarter

Lock volume for planned acquisitions of jumbo mortgages declined in the second quarter at Redwood Trust. Still, officials are optimistic about growth in the non-agency market. Read More

Interest-Only Feature Key Characteristic of Non-QM Loans

Nearly 70% of the non-QMs originated in 2020 included an IO term, according to a new INM analysis. The top two lenders were banks. (Includes data chart.) Read More

Investment-Property and Bridge Loan Lenders Expand Menu

Churchill Real Estate launched a table funding option, Toorak a securitization and Sachem raised $43 million via a stock sale. Meanwhile, the fix-and-flip market was on the decline in the first quarter. Read More

How A&D Mortgage Stayed Afloat Through the Pandemic

While many non-QM lenders suspended production last year, A&D Mortgage’s direct connection to the MBS market placed it in good stead. Read More

ARM Originations Dwindle in First Quarter, Market Share Drops

Originations of adjustable-rate mortgages declined by 15% on a sequential basis in the first quarter of 2021. The ARM share of total originations also fell below 5%. (Includes data chart.) Read More

News Briefs

Maxex receives new funding; Angel Oak expands retail branches; Ocwen to acquire Reverse Mortgage Solutions; non-agency forbearance flat. Read More

Inside Nonconforming Markets

View Archived Issues

Non-Agency MBS Issuance Jumps Across the Board in 2Q21

Non-Agency Market on Edge Post Calabria’s Departure

CFPB’s Final Servicing Rule Includes the Non-Agency Market

Redwood’s Jumbo Business Slows Slightly in Second Quarter

Interest-Only Feature Key Characteristic of Non-QM Loans

Investment-Property and Bridge Loan Lenders Expand Menu

How A&D Mortgage Stayed Afloat Through the Pandemic

ARM Originations Dwindle in First Quarter, Market Share Drops

News Briefs

Latest Imf News

Ginnie Share of Mortgage Servicing Reaches 18.3% in 3Q

Average Home Sale Price at KB Home Drops to 2023 Level

Ginnie to Align Liquidation Reporting With GSE Standards

Non-QM Lenders Tapping AI to Automate Underwriting

Featured Data

Largest Sellers See GSE Deliveries Wane in November

Third-Party Lenders Boost Market Share in Third Quarter

Bank Mortgage Repurchases Decline in Third Quarter

Mortgage REITs Up Agency MBS, Shed Non-Agency

Featured Reports

Agency Seller-Issuer Profile: 3Q25 (PDF)

Mortgage Servicing Rights Report: 3Q25 (PDF)

Lender Profiles 2Q25: Top 25 (PDF)

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

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

July 2, 2021

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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?