Non-QM issuance estimates boosted due to investor demand
Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
Mortgages
Rocket starts higher conforming limit marketing push
Rocket jumps first to raise 2027 conforming loan limits to $845,000, with Rate and CrossCountry matching; UWM's move still pending marking an early signal of IMB competitive positioning.
Atlas deal signals shift to live GSE disaster monitoring
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
Pulte, FHFA fraud crackdown heightens counterparty vetting risks
The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
Pulte: ‘cartel-like’ bureaus should cut costs, eyes bi-merge
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
Investor eyes GSE merger alternative to trim secondary costs
Merging Fannie Mae and Freddie Mac may not be possible but there is a variation that maintains competition and adds efficiency, according to one shareholder.
Angel Oak Mortgage raises $228.2 million from mostly non-QM assets
Most of the A1 tranches, are expected to pay a coupon of 5.83%, except for the A-1 last-cash flow tranche, which is expected to pay 5.93%.
Non-QM securitization record signals secondary market shift
Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
What Warsh’s Jackson Hole speech could do to mortgage rates
If Fed Chair Kevin Warsh's comments lack substance on inflation in the market's opinion, it is likely to drive mortgage rates even higher, NerdWallet warned.
Non-QM RMBS reaches $78B despite rising impairments
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
Carrington expands non-QM guidelines, citing sector growth
The product expansion comes at a time when not just non-agency issuance is expected to have a record year, but other lenders are getting into wholesale.
Home prices trail inflation again: where growth still holds
Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
Shift to purchases: Higher rates squeeze 2026 refi volume
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
Why delinquencies from one particular year stand out
The latest investor statements show the persistence of a trend in which one vintage has a higher rate of distress than others, Morningstar DBRS finds.
J.P. Morgan’s jumbo mortgage pool raises $391.5 million in RMBS
The deal structure includes a lock-out feature that will redirect the portion of the subordinate principal among other protective features like subordination.
HOMES returns to raise $489.7 million from Non-QM pool
The class A notes include first cash flow and last cash flow tranches, both of which benefit from 28.31% in credit enhancement.
Data center boom shifts rural property valuations
As tech facilities push into lower income and rural housing markets, lenders navigate local growth without major impacts on home sales price trends.
UWM, Rocket drive early VantageScore 4.0 adoption, others lag
On Aug. 14, over 30% of the loans sent to Fannie Mae and Freddie Mac from each company were scored using VantageScore 4.0.
Figure Lending raises another $354.4 million from HELOCs
The notes will be issued off of a pool of 3,525 first- and junior-lien revolving HELOCs that were recently originated. The deal will repay investors on the 25th of each month, and notes have a stated final maturity date of July 2056.
What Fannie Mae’s new rate outlook means for originations
So far, annual home lending growth is on track to slow, but not stop, with some positive developments surfacing amid broader challenges.
Load More
Couldn’t load more articles. Try again.