Correspondent sales of jumbo mortgages increased by 39.7% on an annual basis in 2025. (Includes two data tables.)

Income at Pennymac Mortgage Investment Trust declined by more than 50% in the first quarter of 2026 as the real estate investment trust put an emphasis on non-agency activity.

The residential debt platform launched this week. It is led by a former executive at Fidelis Investors.

The company, which focuses on securitizations of non-QMs and home equity loans, saw declines in the value of its assets.

After posting a $54.3 million profit in the fourth quarter, MFA Financial took a loss of $1.0 million in the first quarter of 2026 after posting losses on various non-agency assets.

Non-qualified mortgage performance improves in March; Deephaven expands guidelines for HELOCs.

With softening home price appreciation, expanded-credit MBS might not see loss severities increase thanks to low LTV ratios at issuance.

To stay competitive, warehouse lenders need to look for opportunities financing or securitizing non-qualified mortgages.

During the first quarter of 2026, Northpointe Bank’s warehouse lending essentially held steady compared with the fourth quarter and the bank increased its production of “all-in-one” loans.

Itasca Park issued its first non-agency MBS issuance this week and Blackstone made its return to the non-agency MBS market as an issuer.