Radian plans to close non-agency conduit; Pennymac launches non-qualified mortgage suite in wholesale channel; Logan Finance offers new jumbo non-QM program; Beeline partners on tokenization.

Though the value of bitcoin has dropped sharply in recent months, mortgage lenders allowing borrowers to use the crypto holding to qualify for home purchases are bullish on the product.

The $391.3 million non-qualified mortgage securitization received preliminary AAA ratings from three firms. The REIT had been selling the production primarily as whole loans until now.

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.