Production is cooling off even as interest rates on RTLs decline.

Interest in HEIs for student loan repayment will likely continue to grow given dwindling deferment options.

Leaders of non-QM lenders caution that fraud is a concern with bank statement mortgages and loans underwritten based on business profit and loss statements.

Lenders that have traditionally focused on agency mortgages are boosting originations of non-QMs.

Figure Technology Solutions has used HELOC lending and a loan marketplace to bolster its prospects ahead of an initial public offering.

Velocity Financial reported a busy second quarter of 2025 in terms of securitizations, and leaders of the business-purpose lender expect business to continue to be strong.

Originations of residential transition loans continue to increase, though the annual growth rate has come down in recent months.

Velocity Financial opts for dual listing of its common stock; Morningstar DBRS adds inTENT Fulfillment to approved providers of due diligence.

Key mortgage industry stakeholders say an IPO of GSE stock would have trouble attracting investors if FHFA remains their conservator or they are released without an explicit guarantee.

Credit-risk transfer activities at Fannie Mae and Freddie Mac wobbled in the second quarter after a modest increase in the first three months of 2025. Issuance fell for STACRs but not for CAS notes. (Includes data table.)