The last time Chase issued an MBS focused on ARMs from other lenders was 2019.

Much of the increase in impairments in August was tied to new 30+ day impairments, which increased by 59 basis points.

The average interest rate on a 30-year fixed-rate mortgage increased by four basis points from last week to 6.30%.

“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.

While interest rates declined again last week, mortgage applications didn't move much.

Kroll Bond Rating Agency is facing increased competition in assessing non-agency mortgage-backed securities.

Sales of existing single-family homes in California increased by 0.9% on a monthly basis in August.

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.

It takes time to build volume for an HEI securitization because of the relatively small size of each HEI contract.

The unit started issuing jumbo mortgage-backed securities mid-2024.