August 11, 2023

UWM Originations Drive Prime Non-Agency MBS Market in 2Q

United Wholesale Mortgage accounted for a large portion of the prime non-agency MBS issued in the second quarter. Overall, issuance remained subdued. (Includes three data charts.) Read More

MFA Posts Loss in 2Q Due to Portfolio Markdown

MFA Financial reported a loss in the second quarter of 2023 even though the REIT saw strong growth in business-purpose lending. Read More

AGMIT Profit Shrinks in 2Q; REIT Set to Acquire WAMC

On completion of the merger, AGMIT and WAMC will have a combined investment portfolio of $5.7 billion, largely made up of non-agency mortgages. Read More

Shellpoint Loses Ground in Non-Agency MBS Servicing Market

The company, however, remained the top servicer for loans in non-agency mortgage-backed securities issued in the second quarter of 2023. (Includes data chart.) Read More

Velocity Sees Loan Portfolio Growth as Banks Pull Back

Velocity Financial increased loan production in the second quarter as demand for business-purpose loans spiked. Read More

Angel Oak REIT to Ramp Up Securitizations After 2Q Losses

Following a brief pause on acquiring new loans, the REIT affiliated with Angel Oak Companies plans to increase its securitization output. Read More

NPLA Launches Private Lending Glossary

The glossary is aimed at standardizing the terms and definitions used in the private lending ecosystem. Read More

M&A Activity Up in the Non-Agency Market

Real estate investment trusts are merging as the market begins to shift amid changes to capital requirements for banks. Read More

News Briefs

Slate of new MBS announced; A&D offers high-FICO discount on non-QMs, UWM updates jumbo program; Stellar approved for due diligence by DBRS Morningstar. Read More

Inside Nonconforming Markets

View Archived Issues

UWM Originations Drive Prime Non-Agency MBS Market in 2Q

MFA Posts Loss in 2Q Due to Portfolio Markdown

AGMIT Profit Shrinks in 2Q; REIT Set to Acquire WAMC

Shellpoint Loses Ground in Non-Agency MBS Servicing Market

Velocity Sees Loan Portfolio Growth as Banks Pull Back

Angel Oak REIT to Ramp Up Securitizations After 2Q Losses

NPLA Launches Private Lending Glossary

M&A Activity Up in the Non-Agency Market

News Briefs

Latest Imf News

Basel III, Other Rulemakings Paused Until Next Administration

Correspondents Grow Agency Market Share in 3Q24

Fed Examiners Find Multiple RESPA Escrow Account Violations

GSEs See Slight Uptick in CRT Issuance, Investor Demand Holds Strong

Featured Data

GSE Earnings Resilient in a Tight Housing Market

Banks Generate Small 3Q24 Gains in Mortgage Banking

Refinance Loans Surge in October Agency Market

Refi Volume Spikes in Third Quarter, UWM Stands Out

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

August 11, 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?