Lenders turned down 22.0% of applications received for FHA loans in 2025. The rejection rate on VA mortgages was a more modest 16.1%. (Includes data table.)

The lender has tailored its strategy to help VA borrowers compete in a market where government loans are overlooked in favor of higher-downpayment conventional mortgages or cash buyers.

Adjustable-rate mortgages accounted for 38.2% of first-lien holdings at banks and thrifts at the end of March, down from 42.6% at the end of December. (Includes data table.)

At the MBA’s secondary market conference this week, non-agency industry participants discussed how to keep non-QM originations flowing through market volatility.

Demand from insurance companies is helping fuel originations of mortgages underwritten with debt service coverage ratios.

Among the top-five servicers handling non-agency mortgage-backed securities, JPMorgan Chase was the only servicer to see a drop in volume in the first quarter. (Includes data table.)

Non-agency originations of higher-priced mortgages declined to $32.29 billion in 2025. The loans accounted for just 1.7% of total originations last year. (Includes two data tables.)

Officials at Figure Technology Solutions see home equity lines of credit as a way to get into the residential mortgage market. They plan to expand into other offerings.

Started by a longtime participant in the non-agency market, Income Engine aims to help loan originators qualify borrowers for non-qualified mortgages.

Morningstar DBRS confirms Acra Lending’s originator ranking; Redwood Trust prices $125.0 million debt offering.