PennyMac, the largest correspondent lender in the industry, will begin offering non-qualified mortgages later this month. The move could be a major boost for the sector.

The impairment rate on securitized non-qualified mortgages dropped on a monthly basis in July. However, the rate was still up from a year ago.

An evolving regulatory environment under the Trump administration has created new interest in mortgages backed by cryptocurrency like Bitcoin and Ethereum.

A group of 30 major servicers increased their combined servicing of jumbo mortgages slightly from the end of March to the end of June. (Includes data table.)

The lawsuit alleges that PML engaged in a fraud scheme over four years that allowed it to sell loans multiple times.

American Pride Bank’s wholesale unit this week launched a non-qualified mortgage portfolio product suite.

Figure announces planned pricing for IPO; NYMT to rebrand as Adamas; Radian increases size of warehouse line.

Banks and thrifts increased their holdings of first-lien mortgages by 0.7% during the second quarter of 2025 compared to the end of March. (Includes data table.)

Leaders of non-QM lenders caution that fraud is a concern with bank statement mortgages and loans underwritten based on business profit and loss statements.

Lenders that have traditionally focused on agency mortgages are boosting originations of non-QMs.