Total non-agency mortgage-backed securities servicing volume increased by 12.9% during the third quarter, with nearly $34 billion of non-agency MBS servicing assigned. (Includes data table.)
A group of 30 major servicers increased their combined servicing of jumbo mortgages slightly from the end of March to the end of June. (Includes data table.)
Total nonprime servicing grew in the second quarter of 2025 after declining early in the year. Meanwhile, delinquencies on securitized non-qualified mortgages declined. (Includes data table.)
Delinquencies and loan modifications on securitized non-QMs resumed increasing in May. Issuance from 2023 is performing worse than prior vintages while deals from 2024 have benefited from improved underwriting.
Impairment rate on securitized non-QMs rises in May; Rocket offering bridge loans; architecture firm to acquire non-QM lender; Chimera unit aggregating HEIs for securitization.
While jumbo servicing among a group of 30 large servicers was up 10.0% on an annual basis as of the end of March, growth in the first quarter of 2025 was well below that pace. (Includes data table.)
Debt service coverage ratio mortgages, residential transition loans and other alternative products include some unique features that can’t necessarily be handled well by servicing systems for standard residential mortgages.
Shellpoint Mortgage Servicing passed Newrez/Shellpoint with servicing tied to non-agency MBS issued in the first quarter. The bulk of SPS’ servicing is focused on expanded-credit mortgages.
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