Impairment rate on non-QMs declines; new issuers of home equity loan securitizations; bank offers new jumbo ARMs via wholesale channel; proprietary reverse-mortgage product from Liberty Reverse Mortgage.

Proponents of the non-agency market see GSE reform as an opportunity to take steps to increase the non-agency share of activity in the secondary market. The Trump administration’s plans for the secondary market remain unclear.

Moody’s affirms assessments on Redwood; Deephaven loosens DSCR underwriting; Dan Perl update; ARDRI acquires expanded-credit lender; new proprietary reverse mortgages from Mutual of Omaha Mortgage.

Tomo said it can save the typical homebuyer $4,000 at closing through the use of its AI underwriting software.

Jumbo originations increased by more than double digits from the third to the fourth quarter of 2024. On an annual basis, the jumbo share of total originations held steady. (Includes data table.)

The firm now handles an estimated 11.0% of the jumbo servicing market. (Includes data table.)

Redwood has grown its bank partnerships over the last couple of years to prepare for a market in which depositories want to move away from mortgage lending.

Maxex expects increased investor demand and high interest rates to help drive non-agency loan originations in 2025.

Increases in non-agency originations contributed to earnings growth at PennyMac in the fourth quarter.

Redwood announces debt offering; Newfi invests in Dunmor; Visio appoints new CEO.