Rising interest rates have prompted some issuers of expanded-credit MBS to use sequential structures.

Mathnasium and The Learning Experience separately offered whole-business securitizations.

Much of the increase was from prime jumbos.

New York Life Investment Management plans to make a significant multi-year capital commitment to Invictus Capital Partners.

Issuance of prime non-agency MBS increased by more than 20% during the third quarter of 2026 while expanded-credit MBS held steady. (Includes data file.)

New York Life Investment Management is set to acquire a majority ownership stake in the owner of Verus Mortgage Capital.

The goal should be to bring non-qualified mortgages into the same digital workflows as the rest of the mortgage business, rather than into a separate process, according to industry stakeholders.

Adjustable-rate mortgages are gaining popularity as interest rates rise. And bank lenders have an edge over nonbanks.

Though similar in borrower base, securitized closed-end second liens perform much better than home equity lines of credit.

Select Portfolio Servicing received a rating affirmation for its non-agency servicing while Wells Fargo received a downgrade.