Guild Mortgage turns to LoanBeam to automate income analysis for non-QMs; Roc360 secures a $150 million investment from Temasek; Truss Financial Group launches non-agency products; American Pride Bank expanded its one-time-close construction loan program.

Brokers are feeling optimistic about 2026, due in part to the expansion of non-qualified mortgage offerings.

The non-qualified mortgage sector has exhibited significant performance pressure over the past two years. The sector has not yet faced material losses, though.

Production of adjustable-rate mortgages declined slightly during the third quarter of 2025, but were up 40.7% through the first nine months of the year.

Joel Berner, a senior economist at Realtor.com, said renovated homes still catch buyers’ attention, but financing the cost of those improvements at today’s rates is less appealing to price-sensitive shoppers.

As short-term rental lending grows, a valuation management company launched a form to make the appraisal process more accurate.

Homeowners said in a recent Hometap survey that traditional home equity solutions do not fit their needs and they are looking for more flexible finance options.

The CFPB adjusted the appraisal exemption threshold; Velocity Financial agreed to sell UPB of non-performing loans and entered a third-party servicing mandate.

Both the correspondent and broker channels picked up some market share from the retail channel in the third quarter of 2025. At Chase, the largest nonconforming retail lender among a group of 38 lenders, retail volume was up 1.6% during the third quarter. (Includes two data tables.)

A push by the Securities and Exchange Commission to revise disclosure standards for publicly-registered non-agency MBS has broad support.