Issuance of prime non-agency mortgage-backed securities reached $11.0 billion during the second quarter of 2025, a 6.5% increase from the first quarter. Some $7.95 billion were jumbo mortgages. (Includes three data tables.)

Redwood Trust is putting more of an emphasis on acquiring and originating non-agency mortgages.

Deephaven Mortgage is helping to tackle the housing shortage through education and building investor awareness for non-agency products such as residential transition loans.

AG Mortgage Investment Trust and Chimera Investment are acquiring lenders that originate non-qualified mortgages.

Newrez and a handful of other servicers are gaining ground on Select Portfolio Servicing for non-agency MBS servicing duties. (Includes data table.)

Newrez, the mortgage-banking division of Rithm Capital, increased its non-agency production by 42% to $1.1 billion in the second quarter.

Angel Oak Mortgage REIT continues to package non-QMs into MBS and is expanding its acquisitions to home equity loans.

Brookfield Asset Management to pay $145.0 million for a 50.1% stake in Angel Oak Companies; A&D Mortgage launches jumbo product for borrowers seeking high-balance loans with flexible terms.

A&D Mortgage and Imperial Fund Asset Management have received a $250 million commitment from Canyon Partners. The partnership will fund $5 billion of non-agency securitizations.

Angel Oak Mortgage REIT generated $767,000 of income during the second quarter of 2025.