Nonconforming products accounted for 21.2% of first-lien originations in the second quarter, according to a new analysis by Inside Mortgage Finance.

UWM contributed to three non-agency MBS that started marketing Thursday.

A slight rise in the unemployment rate in August helped to reinforce expectations that the Fed will cut the federal funds rate this month.

The Securities and Exchange Commission will be seeking feedback next month on ways to boost issuance of publicly-registered MBS and ABS.

KBRA downgrades jumbo MBS issued by JPMorgan Chase in 2015; Community Bank sells MBS holdings at a loss; Morningstar details private-rating share.

Non-agency jumbos and expanded-credit mortgages gained market share in the second quarter of 2025. Originations of jumbos increased by nearly 60% from the first quarter. (Includes two data tables.)

Federal Reserve Governor Lisa Cook, in a lawsuit challenging her termination by Trump, argued that the president’s action would shatter the independence provided to the Fed.

PennyMac Loan Services accounted for 40.8% of the planned $356.1 million issuance, followed by Rocket Mortgage with a 32.8% share and Newrez with a 24.2% share.

Crestline Management is based in Forth Worth, TX, and has $17.0 billion of assets under management.

Stephen Miran, President Trump’s nominee to fill a vacant governor position at the Federal Reserve, said he intends to preserve the Fed’s independence if confirmed for the position.