Several lenders that typically contribute significant amounts of loans to expanded-credit mortgage-backed securities reduced their contributions in the third quarter of 2026. (Includes three data tables.)

Rising interest rates are constraining originations of traditional mortgages and leading to a higher share for the expanded-credit market.

The firm set an issuance volume record for the seventh straight quarter in the third quarter of 2026.

Non-QM wholesaler Cake Mortgage is posting record production this year, and plans to keep the momentum going by entering a new lending channel.

The firm started originating expanded-credit mortgages in September 2025 and had relied on other issuers to distribute its expanded-credit originations into MBS.

Lenders working with loan participation structures should know the difference between the legal structure and accounting treatment, according to players in the sector.

Analysts suggested a dividend cut to help Redwood Trust build capital.

Checkr launches expanded mortgage offering; Chimera markets expanded-credit mortgage-backed security on new shelf.

Issuance of prime non-agency MBS increased by more than 20% during the third quarter of 2026 while expanded-credit MBS held steady. (Includes data file.)

New York Life Investment Management is set to acquire a majority ownership stake in the owner of Verus Mortgage Capital.