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.

More than 40 lenders using FICO Score 10T for nonconforming mortgages; Sierra Mortgage Capital launches new non-qualified mortgage product.

Issuance of expanded-credit mortgage-backed securities declined during the fourth quarter of 2025, marking the first quarterly decline in issuance for the sector in two years. (Includes three data tables.)

Annaly Capital Management achieved company records in lock volume and securitization issuance during the fourth quarter of 2025.

With the potential for interest rates to decline further, originators in the RTL and DSCR space have varying strategies for dealing with volume changes.

Industry participants recently warned against common types of fraud involving DSCR mortgages and residential transition loans.

At a recent conference, lenders discussed what makes a good RTL and DSCR borrower, as well as common mistakes borrowers make taking out investor loans.