Jumbo Mortgages

Browse articles from all of our Newsletters related to Jumbo Mortgages.

January 18, 2019 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


January 18, 2019 - Inside Nonconforming Markets

Large-Balance Jumbos Originations on the Rise

Mortgages originated with a balance between $10.0 million and $20.0 million have surged in recent years, according to an analysis by Core-Logic. The Irvine, CA-based firm said it scrutinized property records and found more than 320 outstanding so-called mega jumbos, most of which were originated in 2013 and beyond. Some 13 mega jumbos were originated in 2013, and the number jumped to more than 50 in 2017. Numbers for all of 2018 aren’t available yet ...


January 18, 2019 - Inside Nonconforming Markets

Wells, Chase Bring Large Prime Non-Agency MBS

Wells Fargo and JPMorgan Chase are set to issue separate prime non-agency mortgage-backed securities that are significantly larger than their previous deals. The second post-crisis jumbo MBS from Wells is sized at $711.7 million, compared with the $441.3 million MBS issued in October. Presale reports for the new deal were published last week. Wells is testing the market for jumbo MBS and the new deal differs in some ways from the October one. Loans in the new deal have ...


January 18, 2019 - Inside Nonconforming Markets

Nonbanks Step Up Efforts With Non-Agency Products

To better compete with banks, several prominent nonbank lenders recently launched new non-agency products, including prime jumbo mortgages and non-qualified mortgages. They are even reducing pricing on non-agency products. On Jan. 2, PennyMac Financial Services, through its correspondent channel, introduced a non-QM program that allows credit scores as low as 660, combined loan-to-value ratios up to 90 percent, debt-to-income ratios up to 50 percent and ...


January 18, 2019 - Inside Nonconforming Markets

Loans with Higher LTV Ratios in 4Q18 Jumbo MBS

The average combined loan-to-value ratio on mortgages in jumbo mortgage-backed securities spiked towards the end of 2018, according to a new analysis by Inside Nonconforming Markets. In the first three quarters, the average combined LTV ratio for jumbo MBS issuance was around 70.0 percent. In the fourth quarter, it climbed to 76.2 percent. Several factors prompted the higher average, including the first post-crisis jumbo MBS stocked with ... [Includes two data charts]


January 4, 2019 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


January 4, 2019 - Inside Nonconforming Markets

Redwood Sticks out in Assessment by Moody’s

Moody’s Investors Service recently completed a round of assessments of originators and aggregators of non-agency mortgages. One of the key findings showed that Redwood Trust has a loan review policy for prime jumbo mortgages that differs from other aggregators. “Redwood continues to be the only aggregator that we have assessed to date who does not conduct full reviews on 100 percent of acquired prime jumbo residential mortgage loans,” Moody’s said. Three banks ...


January 4, 2019 - Inside Nonconforming Markets

Non-Agency MBS Issuance Nearly Doubles in 2018

The total dollar volume of non-agency mortgage-backed securities backed by new originations nearly doubled in 2018, according to a new ranking and analysis by Inside Nonconforming Markets. Some $29.08 billion of non-agency MBS backed by new loans was issued in 2018, a 94.3 percent increase from 2017. Issuance of both prime non-agency MBS and expanded-credit deals hit post-crisis highs last year. Some $17.69 billion of prime non-agency ... [Includes one data chart]


December 14, 2018 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


December 14, 2018 - Inside Nonconforming Markets

Banks Increase Holdings of First Liens

Holdings of first-lien mortgages by banks and thrifts increased in the third quarter, according to an Inside Nonconforming Markets analysis of call reports. Banks and thrifts held $2.07 trillion of first liens in their portfolios at the end of September, up 1.2 percent from June and 4.3 percent from a year ago. The holdings have largely been boosted by jumbo mortgages along with loans eligible for sale to the government-sponsored enterprises ... [Includes one data chart]


December 14, 2018 - Inside Nonconforming Markets

Outlook for Prime Non-Agency MBS Issuance Closely Connected with GSE Pricing, Tools

Issuance volume and lending practices in the prime non-agency mortgage-backed security market in 2019 will be linked in several ways to the government-sponsored enterprises, according to industry analysts. Volume projections for prime non-agency MBS depend on pricing differences between non-agency execution and delivery of loans to Fannie Mae and Freddie Mac. Non-agency lenders are also expected to increasingly use tools developed by the GSEs. “We expect robust issuance from ...


December 7, 2018 - Inside Mortgage Trends

Retail Lost Share in Major Product Groups

Retail originations declined more than third-party production in the three major mortgage-product categories during the third quarter of 2018, according to a new analysis by Inside Mortgage Trends. Based on survey data from a broad cross-section of lenders, retail originations fell 8.8 percent from the second to the third quarter. The wholesale-broker sector was down 1.9 percent, while correspondent production posted a 1.9 percent increase. The data ... [Includes two data charts]


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