Adamas Trust is investing in agency mortgage-backed securities, deploying $1.8 billion in agency MBS during the third quarter of 2025.

Chimera Investment took a loss of $580,000 in the third quarter of 2025 due to an increase in expenses related to its acquisition of HomeXpress Mortgage.

Non-agency mortgage lenders were alerted to fraud tied to appraisals over the summer, and months later, fraud in the non-QM market is still present.

Knock launches bridge loan product; Arrive Home expands Earned Equity Program; Angel Oak launches a rental AVM; Foundation Mortgage hires Samuel Bjelac.

Non-agency industry participants are speculating how the non-qualified mortgage market would react if the government-sponsored enterprises go private.

In the third quarter of 2025, Ellington Financial was active with non-qualified mortgage securitizations.

Home improvement ABS are attractive for investors because borrowers have high credit scores and low delinquency rates.

“When you think about the [asset-based finance] world ... these are two of the hottest products that [investors want to get access to],” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.

Pennymac was the top issuer of prime non-agency MBS in the third quarter.

During the third quarter of 2025, Pennymac once again passed JPMorgan Chase as the largest contributor to prime non-agency mortgage-backed securities. (Includes three data tables.)