If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment.

That’s the consensus forecast of a panel of non-agency industry experts who spoke at the Mortgage Bankers Association’s (MBA’s) Secondary and Capital Markets Conference & Expo in New York City this week. 

“There was too much 30-year [fixed-rate mortgage paper] out there in the market for a while because it was just so cheap, and it was the details ⇒

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