Speakers at the Mortgage Bankers Association’s servicing solutions conference discussed what makes a good non-agency servicer.

MFA Financial posted an increase in income in the fourth quarter of 2025. The firm’s BPL lender Lima One launched a wholesale channel and plans to relaunch multifamily lending in early 2026.

Though Angel Oak Mortgage REIT’s main focus is non-qualified mortgages, the REIT plans to regularly participate in securitizing home equity lines of credit.

Non-QM impairment rate rises in January; LenderMAC acquires Direct Mortgage.

Rate-term refinances and loans eligible for sale to the GSEs helped to increase issuance of prime non-agency MBS in 2025. (Includes three data tables.)

The wholesale lender’s goals include increasing brand awareness, geographic expansion and improving service levels.

Originations of non-qualified mortgages by Newrez increased by 50% on a quarterly basis in the fourth quarter of 2025.

Maxex and Tradeweb Markets announced a collaboration to expand access to mortgage investments. Tradeweb also made a strategic investment in Maxex.

The improvement was not enough to recover the ground lost in November, which ended on a Sunday.

Cotality’s fraud risk index grew 1.5% year-over-year in the fourth quarter of 2025, driven by a rise in issues with debt service coverage ratio loans.