To thrive in the non-agency space, many lenders point to diversification, particularly in home equity products.

Maine’s governor signed a comprehensive home equity agreement bill last week. The products remain under litigation in other states.

Newrez and Associated Healthcare Credit Union this month launched new mortgage products for medical professionals.

Splitero joins the Coalition for Home Equity Partnership board; American Association of Private Lenders implements background checks for incoming members.

Issuance of non-agency MBS backed by newly originated mortgages increased by 34.2% on a quarterly basis in the first quarter of 2026. (Includes data tables.)

The impairment rate on non-qualified mortgages increased by 51 basis points in February, driven by a mix of higher new impairments and further deterioration in cure and made-payment rates, according to dv01.

Weakness in the housing market last year did not materially impact non-qualified mortgage delinquency rates, according to research by Goldman Sachs.

Conforming jumbo mortgage volume delivered into Fannie Mae and Freddie Mac MBS fell on a quarterly basis in the first quarter, but activity was up for investment-property and second-home mortgages. (Includes data table.)

With growing demand for non-qualified mortgage production, Eris Innovations outlined four methods to hedge non-QMs.

The non-agency lender incurred an $8.4 million loss for the fourth quarter. Still, officials pointed to better days ahead.