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.

Several states are taking a closer look at home equity investment offerings, with some courts finding that they are exploitative.

American Pledge Foundation, a nonprofit, has launched a sustainable homeownership program that establishes a safety-net fund equal to 5% of a home’s value for the first five years of a loan.

Non-QM lender Pacaso receives $100 million credit facility from Texas Capital; Merchants Bank is using Blue Sage Solutions’ digital lending platform for its jumbo correspondent lending program.

Performance in the category varies by borrower type.

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.