The volume of jumbo mortgages that 30 major servicers handle declined by 0.6% during the third quarter of 2025. (Includes data table.)

The non-agency product has gone from a niche offering to mainstream, with Rocket becoming the latest prominent lender to offer DSCR loans.

With some new key hires, Foundation Mortgage is focused on expanding its production.

Better Mortgage has sharply increased its HELOC originations, helped by a self-developed investor marketplace. Meanwhile, WSFS Bank is originating HELOCs on its own after selling a stake in Spring EQ.

Velocity Financial reported an increase in net income quarter-over-quarter, driven by record production.

Cardinal Capital Group and Ellington Financial separately issued their first residential transition loan securitizations.

Cornerstone Financing announced a commitment of up to $1 billion from funds managed by affiliates of Fortress Investment Group.

The issuance follows a large securitization of home equity investments by Unlock Technologies and Saluda Grade.

Volume dropped for Newrez in the third quarter but was up overall, and up significantly at Select Portfolio Servicing.

Total non-agency mortgage-backed securities servicing volume increased by 12.9% during the third quarter, with nearly $34 billion of non-agency MBS servicing assigned. (Includes data table.)