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.

Nomura has issued a handful of other non-agency mortgage-backed securities in recent years.

UWM is offering conforming-mortgage pricing for certain mortgages with balances up to 1.5% above the current baseline conforming loan limit.

"By rethinking the role of the master servicer, we see significant opportunities to expand our platform and deliver long-term value to clients," said Shane Ross, head of servicing for Newrez.

The Fed will have a new governor in place as it considers monetary policy this week and Fed Governor Lisa Cook will also remain in place.

PRMI is a portfolio manager founded in 2019 with ties to Merchants Bank of Indiana.

The average interest rate on a 30-year fixed-rate mortgage declined by 15 basis points in the past week.