Rep. Maxine Waters, D-CA, chair of the House Financial Services Committee, asked financial institutions to make sure that shutdown-related arrangements don't end up harming consumers' credit reports, among other requests.
Greg Sher, a managing director at NFM Lending, warned about potential parallels between the expanded-credit market and the non-agency market in the runup to the crash of 2008.
Issuance in the first nine months of this year already surpassed the volume seen in all of 2024. Expanded-credit loans are leading the charge. (Includes data tables.)
The impairment rate on securitized non-qualified mortgages rose sharply in August. The increase can largely be explained by the month ending on a Sunday, according to dv01.