Issuance of prime non-agency MBS increased by more than 20% during the third quarter of 2026 while expanded-credit MBS held steady. (Includes data file.)

New York Life Investment Management is set to acquire a majority ownership stake in the owner of Verus Mortgage Capital.

The goal should be to bring non-qualified mortgages into the same digital workflows as the rest of the mortgage business, rather than into a separate process, according to industry stakeholders.

Adjustable-rate mortgages are gaining popularity as interest rates rise. And bank lenders have an edge over nonbanks.

Though similar in borrower base, securitized closed-end second liens perform much better than home equity lines of credit.

Select Portfolio Servicing received a rating affirmation for its non-agency servicing while Wells Fargo received a downgrade.

Total impairments for securitized non-qualified mortgages rose by 14 basis points from July to August.

Mortgage Capital Trading offering non-agency pricing; First American offering title product for home equity loans; Beeline to launch HEI offerings; Hometap expands to six additional states; June Point Lending open in California; Easy Street Capital brings RTL servicing in-house.

The retail channel’s share of nonconforming originations increased from the first quarter to the second. (Includes two data tables.)

The availability of multiple credit scoring models leaves non-agency players with concerns related to lender choice, disclosures and historical data.