“You’ve got an ever-increasing number of investors and insurance companies, securitizers and aggregators, all competing for what feels like a smaller set of loans,” said Clint Thomas, vice president of correspondent lending at Silver Hill Capital.
Non-agency jumbos accounted for 15.8% of total first-lien originations in the second quarter of 2025, the highest share for the sector since late 2022.
FHFA’s spring regulatory agenda includes plans to reverse four proposed new rules from the prior administration and five rules that have already been finalized.