A proposal from the Urban Institute calls for a revamp of the refi process to make it more equitable for lower-income borrowers and borrowers of color.
Issuance of prime non-agency MBS in the first quarter of 2024 was driven by jumbo mortgages, though volume involving GSE-eligible mortgages also increased.
Non-agency MBS issuance more than doubled on a sequential basis in the first quarter of 2024, with jumbo mortgages making up the majority of loans in the deals. (Includes three data tables.)
Originations of higher-priced loans, a proxy for subprime mortgages, declined in 2023 but held up better than total originations. (Includes two data tables.)