February 10, 2023

Prime Non-Agency MBS Issuance Fades in 2022

Issuance of prime non-agency MBS nearly ground to a halt during the fourth quarter. For the full year, activity was down almost 60%. (Includes three data charts.) Read More

Nonbanks Still Working to Sell Older Non-QMs

Angel Oak Mortgage is among the nonbanks trying to sell off somewhat seasoned non-QMs that have interest rates well below prevailing rates. Read More

Redwood Limits Jumbo Business, Optimistic About BPLs

Redwood Trust scaled back its jumbo business in 2022 and doesn’t have plans for a significant expansion any time soon, even with Wells Fargo’s exit from the correspondent channel. Read More

Shellpoint Grabs More MBS Servicing Share in 4Q22

Shellpoint Mortgage Servicing handled servicing duties on close to 50% of the non-agency MBS issued in the fourth quarter. Select Portfolio Servicing reduced its activity during the quarter. (Includes data chart.) Read More

Non-QM Players Hoping for a Better Market This Year

Rising interest rates and financial volatility battered the non-QM market in 2022. This year almost has to be better by default, according to industry participants. Read More

Shuttered Non-QM Program Taking Toll on Sterling Bank

The DOJ continues to investigate issues involving a non-QM program Sterling Bank & Trust ended in 2019. Fallout from the program continues to cut into the bank’s profitability. Read More

Non-Agency MBS Issuance Weighted Toward IPLs

Most of the non-agency MBS on offer within the past two weeks was stocked with mortgages for investment properties. Read More

News Briefs

HomeXpress preps its first non-agency MBS; A&D loosens non-QM guidelines; bridge loan partnership; FoA revises second-lien reverse mortgage product. Read More

Inside Nonconforming Markets

View Archived Issues

Prime Non-Agency MBS Issuance Fades in 2022

Nonbanks Still Working to Sell Older Non-QMs

Redwood Limits Jumbo Business, Optimistic About BPLs

Shellpoint Grabs More MBS Servicing Share in 4Q22

Non-QM Players Hoping for a Better Market This Year

Shuttered Non-QM Program Taking Toll on Sterling Bank

Non-Agency MBS Issuance Weighted Toward IPLs

News Briefs

Latest Imf News

Refis Push Primary MI Volume Up in Fourth Quarter

Interest Rates on Mortgages Fall to Lowest Level Since 2022

Investor Demand for Non-Agency MBS Remains Strong

Opendoor to Offer Mortgages for Homebuyers

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Featured Reports

Mortgage Profitability Report 3Q25 (PDF)

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IMF Mortgage Directory: Full interactive database

Agency Seller-Issuer Profile: 3Q25 (PDF)

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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?

Inside Nonconforming Markets

February 10, 2023

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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?