Nonconforming Securitization

Browse articles from all of our Newsletters related to Nonconforming Securitization.

March 15, 2019 - Inside Nonconforming Markets

News Briefs

Kraninger won't make sudden moves with GSE patch; Freddie Mac launches AUS self-employment assessment tool; more.


March 15, 2019 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of data on jumbo mortgage interest rates and stock price trends.


March 15, 2019 - Inside Nonconforming Markets

Impac Putting a Strong Emphasis on Non-QMs

Impac Mortgage Holdings is shifting its focus on originating non-qualified mortgages amid losses and layoffs due to a tough conforming mortgage market.


March 15, 2019 - Inside Nonconforming Markets

Demand Increasing for Investment-Property Loans

Lenders originating fix-and-flip loans and mortgages for single-family investment properties are seeing strong demand from investors in the secondary market.


March 15, 2019 - Inside Nonconforming Markets

Ocwen Looking to Boost Its Non-Agency Servicing

After years of being prohibited by regulators from acquiring servicing rights, Ocwen Financial is back in business as a buyer in full force. [Includes one data chart]


March 15, 2019 - Inside Nonconforming Markets

New Residential Preps its Second Non-QM MBS of 1Q

Issuance of mortgage-backed securities with non-qualified loans continues at a brisk pace, with a new deal from New Residential Investment in the pipeline.


March 15, 2019 - Inside Nonconforming Markets

Oaktree Set to Issue its First Non-QM MBS

An affiliate of Oaktree Capital Management is set to issue its first mortgage-backed security with non-qualified loans. The $268.16 million issuance includes loans from two prominent lenders who haven’t been large players in the non-QM MBS market recently.


March 15, 2019 - Inside Nonconforming Markets

Moody’s: Use of GSE Tools In Non-Agency Market Risky

Moody’s Investors Service has flagged risks related to non-agency players using the automated underwriting tools developed by the government-sponsored enterprises to produce loans underlying private-label mortgage-backed securities.


March 15, 2019 - Inside Nonconforming Markets

Non-Agency MBS Reps and Warrants Under Scrutiny

The representations and warranties provided on new non-agency mortgage-backed securities are receiving renewed attention from industry participants. Issuers of prime jumbo and expanded-credit MBS, particularly, have been subject to criticism.


March 15, 2019 - Inside Nonconforming Markets

Strong Growth for Jumbo Servicing in 2018

The amount of jumbo mortgage servicing handled by the top servicers increased at a much faster rate in 2018 than the total amount of outstanding residential mortgages, according to a new ranking and analysis by Inside Nonconforming Markets. [Includes one data chart]


March 15, 2019 - Inside MBS & ABS

REITs Add to Agency MBS Holdings, Non-Agency Down

Real estate investment trusts increased their holdings of agency MBS during the fourth quarter of 2018, capping a solid year of growth, according to an Inside MBS & ABS analysis. [Includes one data chart.]


March 14, 2019 - Inside Mortgage Finance

Otting Seen in Position to Bolster Non-Agency Market

Joseph Otting’s dual role as acting director of the Federal Housing Finance Agency and head of the Office of the Comptroller of the Currency puts him in a position to push hard for changes that will help create a “healthy” non-agency mortgage market, according to the Structured Finance Industry Group.


March 1, 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.


March 1, 2019 - Inside Nonconforming Markets

News Briefs

Lower GSE loan limit not a priority for SFIG; whole loans present alternative to non-agency MBS for investors; jumbo MBS issuance may wane with home price appreciation...


March 1, 2019 - Inside Nonconforming Markets

Banks Seek Looser Appraisal Levels for Non-Agency Loans

Banks originating non-agency mortgages could better compete with the government-sponsored enterprises if the threshold for appraisal exemptions in case of residential real estate properties is raised, industry participants said.


March 1, 2019 - Inside Nonconforming Markets

TIAA, HomeStreet Scale Back Retail Operations

In the past weeks, two lenders active in jumbo mortgages — TIAA Bank and HomeStreet Bank — announced plans to downsize their operations.


March 1, 2019 - Inside Nonconforming Markets

Verus Leads Latest Round of Non-Agency MBS Issuance

Records are falling like dominoes in the nonprime mortgage-backed security market. Verus Mortgage Capital last week issued a $664.09 million deal — breaking a volume record set by Angel Oak Companies a month ago.


March 1, 2019 - Inside Nonconforming Markets

Prepayment Speeds on Non-QM MBS Slowing

Prepayment rates on mortgage-backed securities with non-qualified mortgages have slowed due to interest rate trends and a shift in borrower characteristics, according to industry analysts.


March 1, 2019 - Inside Nonconforming Markets

Nonbanks’ Non-QM Acquisition Strategies Differ

Two nonbanks — Ellington Financial and MFA Financial — are increasing their emphasis on non-qualified mortgages, but with different strategies.


March 1, 2019 - Inside Nonconforming Markets

SFIG Almost Done with MBS Reforms, Adoption Uncertain

The Structured Finance Industry Group’s years-long effort to reform practices in the non-agency mortgage-backed security market is nearly complete. However, it’s not clear whether the practices will be widely adopted by MBS issuers.


March 1, 2019 - Inside Nonconforming Markets

Expanded-Credit Production Spikes 20% in 2018

Originations of expanded-credit mortgages increased 20.2% in 2018 and market share for the sector also grew, according to a new ranking and analysis by Inside Nonconforming Markets. [Includes one data chart]


February 15, 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.


February 15, 2019 - Inside Nonconforming Markets

News Briefs

Carrington Mortgage Services loosens its underwriting guidelines and improves pricing for various expanded-credit products; Home Point Financial joins the expanded-credit market; Essent Group isn't interested in proving PMI for non-QMs...


February 15, 2019 - Inside Nonconforming Markets

Expanded-Credit MBS Issuance on a Roll

Mortgage-backed securities with expanded-credit underwriting standards are flowing into the market. Presale reports were published this week for three deals and others are in the works.


February 15, 2019 - Inside Nonconforming Markets

Non-Agency Pricing for GSE-Eligible Loans in Flux

The pricing offered in the non-agency market for certain loans eligible for sale to the government-sponsored enterprises isn’t as attractive to sellers as it once was, according to industry participants.


February 15, 2019 - Inside Nonconforming Markets

Non-QM MBS Issuance, Investing Attractive to REITs

Mortgage-backed securities with non-qualified mortgages look attractive to some real estate investment trusts. PennyMac Mortgage Investment Trust plans to join other REITs issuing non-QM MBS while officials at Chimera Investment said the firm is considering buying non-QM MBS from other issuers.


February 15, 2019 - Inside Nonconforming Markets

Seer Capital Enters Non-QM MBS Market

Seer Capital Management is set to issue its first mortgage-backed security with non-qualified loans. The New York-based company launched its non-QM program in 2013 and it owns HomeXpress Mortgage, a wholesale lender founded in 2016.


February 15, 2019 - Inside Nonconforming Markets

Hopes Dim for Lower Loan Limit Mandate from Senate

A leading Republican in the Senate plans to leave loan limit decisions in the hands of the Federal Housing Finance Agency instead of mandating lower conforming loans limits as part of housing-finance reform legislation.


February 15, 2019 - Inside Nonconforming Markets

Redwood Maintains Margins With Multiple Loan Outlets

Redwood Trust’s mortgage banking income in the fourth quarter was essentially level compared to the previous quarter even with lower origination volume and strong competition in the non-agency market.


February 15, 2019 - Inside Nonconforming Markets

Jumbo Lending Falls in 4Q On Weaker Demand

Originations of non-agency jumbo mortgages declined in the fourth quarter as well as full year 2018, according to an Inside Nonconforming Markets analysis. The sector also lost market share with lenders noting weak demand. [Includes one data chart]


February 11, 2019 - Inside the CFPB

CFPB Urged to Oppose Higher Appraisal Threshold

Consumer groups have called on the CFPB to oppose a regulatory proposal which will significantly expand the number of non-agency mortgages that will not need a full appraisal.


February 8, 2019 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: February 8, 2019

MBS and ABS Issuance at a Glance


Poll

Which is your biggest priority for the coming months?

Growing production
Expanding into new markets
Managing costs
Regulatory concerns
Updating our technology
None of the above

vote to see results