Operating income in Intercontinental Exchange’s mortgage technology segment increased during the fourth quarter of 2025 and the firm is working on a number of artificial intelligence initiatives.

Pennymac Mortgage Investment Trust is generating a return on equity in the low- to mid-teens from issuing non-agency MBS.

Investors are showing strong demand for non-agency MBS, leaving leaders of issuers optimistic.

MFA Financial's net income in the fourth quarter increased 12.9% from the quarter prior.

The increase in issuance occurred across several categories, including a 79.2% surge in volume tied to loans eligible for sale to the government-sponsored enterprises.

Rate-term refinances and loans eligible for sale to the GSEs helped to increase issuance of prime non-agency MBS in 2025. (Includes three data tables.)

Redwood Trust generated $20.0 million of net income in the fourth quarter of 2025, recovering from a $7.7 million loss in the third quarter. The REIT is also planning to launch a new shelf for expanded-credit MBS.

The wholesale lender’s goals include increasing brand awareness, geographic expansion and improving service levels.

Originations of non-qualified mortgages by Newrez increased by 50% on a quarterly basis in the fourth quarter of 2025.

Maxex and Tradeweb Markets announced a collaboration to expand access to mortgage investments. Tradeweb also made a strategic investment in Maxex.