If originators moving into the non-agency space are not careful with product types unfamiliar to them, there can be risk and operational ramifications downstream.
Non-QM impairments rise in February; new automated underwriting system for jumbos; Flourish Lending looks to help independent advisors compete with banks.
Non-agency jumbo mortgages gained market share with production up nearly 40% on an annual basis in 2025. All but one of the top 10 non-agency jumbo lenders reported year-on-year increases. (Includes data table.)
The volume of jumbo mortgages handled by 30 major servicers inched up 1.3% between the end of third quarter of 2025 and yearend. Compared with the end of 2024, servicing volume was up 2.4%. (Includes data table.)