The first Trump administration didn’t take many actions to boost the non-QM market, so the outlook is murky.

A decline in interest rates helped to increase demand for refis and purchase mortgages last week.

Four deals started marketing Monday, including three expanded-credit MBS.

Fannie Mae is set to issue a credit risk transfer deal tied to a pool of mortgages with an unpaid principal balance of $17.0 billion.

Homebuilders with lending units continue to prop up home sales by offering mortgage buydowns. The tactic cuts into homebuilders’ margins but many company officials prefer lower margins rather than unsold inventory.

MISMO is out with five proposals, including a tool to simplify standards adoption. Other new features include tech for credit modernization, appraisals and housing counseling.

Government-insured lending and nonconforming mortgages took share from the conventional-conforming market in 2024.

The swing in earnings was tied to the value of mortgage servicing rights, among other factors.

The rebrand included an ad during the Super Bowl.

Demand for MBS/ABS remains high, helped by interest rate trends. But President Trump is a wildcard, prompting some caution among investors.