Issuers of non-agency MBS are in the market with expanded-credit, prime and closed-end second offerings.

United Wholesale Mortgage issued $145.24 billion of agency MBS in 2025.

Although holdings increased overall, two of the four largest players in the market reduced their holdings: Bank of America and Wells Fargo.

Five non-agency mortgage-backed securities started marketing Wednesday.

Loans originated by Rocket account for 47.4% of the $672.1 million jumbo MBS Redwood started marketing Tuesday.

Citizens Bank maintained its top HEL lender position with $3.10 billion of volume in the third quarter, down 0.9% from the previous three-month period.

Analysts noted that the non-agency MBS market will benefit from strong investor demand, including more new shelves participating in the sector.

Fannie expects home sales to increase 7% in 2026; 1st Security Bank hires Omeed Salashoor; AD Mortgage debuts jumbo product for luxury homebuyers; MBA said mortgage applications declined the week of Dec. 19.

Barry Feierstein has served as chief operating officer at EasyKnock and Hamilton Insurance Agency.

Jayendran GS, CEO of Prudent AI, a mortgage tech provider, said the growing presence of AI in underwriting is alleviating some lender fear around the technology.