Homes in areas with climate risk tend to be overvalued during mortgage refinancing, according to a study from the Massachusetts Institute of Technology Center for Real Estate.

The move followed the enactment of House Bill 1516, which exempts passive and government trusts from the licensing requirements.

Changes include a reduction of credit score requirements and an elimination of seasoning requirements for DSCR refinances.

“If you look at the issuance of 2025, I think we are surpassing the biggest year ever in securitization," said A&D's CEO.

A sea change in the housing market? Sellers outnumbering buyers?

This year is expected to be the biggest year yet for non-QM lending and securitizations, according to industry participants.

Federal entities should take steps to boost the non-agency market, according to the MBA. Meanwhile, FHFA isn’t necessarily looking to shrink the GSEs’ footprint.

As the housing shortage persists, home equity has been increasing, creating opportunities for lenders.

The changes include the availability of written verification of employment, a reduced account statement requirement and a lowered business fund ownership threshold.

In the coming weeks, Provident and JPMorgan Chase are both set to issue prime non-agency MBS.