Bayview Asset Management first acquired a stake in Guild Mortgage in 2020. BAM is on track to fully acquire the lender by the end of the year, after an effort by a competing bidder didn’t proceed.

The non-agency conduit owned by Radian is for sale. The entity started issuing MBS about a year ago and stood out among competing providers of private mortgage insurance.

After years of appreciation, home prices are leveling off and could even decline.

“You’ve got an ever-increasing number of investors and insurance companies, securitizers and aggregators, all competing for what feels like a smaller set of loans,” said Clint Thomas, vice president of correspondent lending at Silver Hill Capital.

Federally insured depository Chase continued to lead in the category of ARM production, funding $5.75 billion during 2Q25.

Production of adjustable-rate mortgages increased almost across the board in the second quarter of 2025. As usual, banks led the charge. (Includes data table.)

Players in the non-qualified mortgage market are expecting interest rates on non-agency mortgages to slowly fall following the Federal Reserve’s cut to the federal funds rate.

The correspondent channel gained market share from both the retail and broker channels in the first half of 2025. (Includes data table.)

Some lenders announced increases in their conforming loan limits before an official announcement from the Federal Housing Finance Agency for 2026 limits.

Since 2009, Hanover Bank, a small community bank in New York, has had a strong focus on the non-agency market.