The residential debt platform launched this week. It is led by a former executive at Fidelis Investors.

The company, which focuses on securitizations of non-QMs and home equity loans, saw declines in the value of its assets.

After posting a $54.3 million profit in the fourth quarter, MFA Financial took a loss of $1.0 million in the first quarter of 2026 after posting losses on various non-agency assets.

Non-qualified mortgage performance improves in March; Deephaven expands guidelines for HELOCs.

With softening home price appreciation, expanded-credit MBS might not see loss severities increase thanks to low LTV ratios at issuance.

To stay competitive, warehouse lenders need to look for opportunities financing or securitizing non-qualified mortgages.

During the first quarter of 2026, Northpointe Bank’s warehouse lending essentially held steady compared with the fourth quarter and the bank increased its production of “all-in-one” loans.

Itasca Park issued its first non-agency MBS issuance this week and Blackstone made its return to the non-agency MBS market as an issuer.

Federal student loan program changes will take effect in July, impacting student loan ABS.

Several companies in the mortgage space are in the process of changing hands.