Prices for luxury homes break from overall trend; The Mortgage Calculator launches asset depletion and asset utilization mortgage program; Planet Financial Group appoints Tim Fisher as senior vice president of non-agency lending.

The Securities and Exchange Commission is seeking feedback on updates to disclosure requirements for publicly-registered non-agency MBS and ABS.

As originations and market share for expanded-credit loans have increased, some industry participants see the potential for problems.

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.