Figure Technology Solutions completed an IPO late last week, pricing the transaction at a higher level than anticipated and selling more shares than initially contemplated.

PennyMac Financial Services partnered with Vesta Innovations to adopt the firm’s loan origination system and streamline the mortgage application process in the consumer direct channel. The move includes an investment in Vesta.

The tool allows for more natural questions about MBS performance rather than requiring complicated coding.

Truist hasn’t issued a similar deal since its formation by merger. And U.S. Bank is marketing its second commercial and industrial loan CRT deal of the year.

Over the last five years, the share of non-U.S. citizens in the non-agency mortgage-backed security market more than doubled.

The top five jumbo producers in the first half were all federally insured depositories.

Originations of non-agency jumbo mortgages increased by nearly 60% in the second quarter of 2025. All of the top 50 lenders increased their jumbo originations compared with the first quarter. (Includes data table.)

PennyMac, the largest correspondent lender in the industry, will begin offering non-qualified mortgages later this month. The move could be a major boost for the sector.

The impairment rate on securitized non-qualified mortgages dropped on a monthly basis in July. However, the rate was still up from a year ago.

A group of 30 major servicers increased their combined servicing of jumbo mortgages slightly from the end of March to the end of June. (Includes data table.)