Many expanded-credit MBS are performing better than Fitch Ratings’ initial expectations. The rating service also completed a review of ratings on jumbo MBS, resulting in more limited upgrade activity.
CrossCountry, Rocket boost conforming loans limits by 1.5%; UWM offers pricing incentive for jumbos; Castlelake and Redwood partner on first mortgage-backed security; CV3 on track for record originations.
Non-agency jumbo mortgage production increased by 25.0% on a quarterly basis in the second quarter to an estimated $90.00 billion. (Includes data table.)
With stricter condo lending requirements at the government-sponsored enterprises, more projects may be considered non-warrantable, pushing more business to the non-agency side of the market.
Figure Technology Solutions is on track to close the Kiavi acquisition in the second half of 2026 and plans to use its technology to develop standardization for the residential transition loan space.