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.

Some $3.70 billion of ARMs were included in agency MBS issued during the second quarter of 2025.

Retail lenders gained the most ground in the nonconforming market.

The real market share winner, of course, has been Ginnie Mae.

Analyst Jaret Seiberg called the concept of SEC action probable though "not guaranteed."

A majority of his nonbank customers are making money on their originations again, according to one warehouse veteran.

The Fed rate cut? The odds presently focus on a 25-basis-point trim on the short end of the stick.

The retail channel accounted for 51.3% of first-lien originations in the second quarter of 2025.

The group of servicers handled $1.51 trillion of jumbos at the end of June, up 0.7% from the end of March.

Mr. Cooper remained the largest subservicer with $778.1 billion of contracts on its books at the end of June.