July 28, 2023

Expanded-Credit MBS Issuance Falls in 2Q23

After a first-quarter rally, expanded-credit MBS issuance came back down to reality in the second quarter of 2023. Read More

Redwood to Increase Jumbo Activity Through Bank Partnerships

Redwood Trust believes banks will need to turn to new liquidity partners as regulatory pressure mounts. Read More

GSE Activity Moves Further From Noncore Products

Noncore product GSE volume remained low in the second quarter, save for an increase in conforming jumbos. Read More

Banks Pull Back From Jumbo Lending Despite Rising Home Prices

While home prices are providing a lift for jumbo originations, many banks have a risk aversion to the products in the current rate environment. Read More

CrossCountry Plans to Issue its First Non-Agency MBS

CrossCountry Mortgage teamed with Hildene Capital Management on originations of expanded-credit mortgages and MBS issuance. Read More

Sterling Hopes to Move Past Non-QM Troubles

Sterling Bank and Trust leadership said they were optimistic that they will be able to move forward after paying $27.2 million in restitution to shareholders tied to fraud on a shuttered non-QM program. Read More

New Fix-and-Flip Lender Has U.K. Ties

Entrepreneur Christian Faes has launched F2 Financing, a fix-and-flip lender looking to compete in the evolving sector. Read More

News Briefs

Carrington introduces 40-year loan program; Moody’s upgrades NewRez’s expanded-credit business; DBRS Morningstar updates home equity asset class ratings methodology. Read More

Inside Nonconforming Markets

View Archived Issues

Expanded-Credit MBS Issuance Falls in 2Q23

Redwood to Increase Jumbo Activity Through Bank Partnerships

GSE Activity Moves Further From Noncore Products

Banks Pull Back From Jumbo Lending Despite Rising Home Prices

CrossCountry Plans to Issue its First Non-Agency MBS

Sterling Hopes to Move Past Non-QM Troubles

New Fix-and-Flip Lender Has U.K. Ties

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

July 28, 2023

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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?