Mortgage banks, seeking to lock in attractive spreads, are increasingly selling non-conforming loans to Wall Street as much as 90 days before delivery. The normal commitment period is 30 days or slightly longer.

Prudential Home Mortgage, for instance, sells at least 50% of its mortgages 90 days in advance, according to Jim Svinth, vice president of structured finance at the Clayton, Mo.-based mortgage bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.