The proposed ban, prompted by the 21st Century ROAD to Housing Act, would include exemptions for build-to-rent and build-to-renovate properties.

Among the proposed exceptions is a carve out around build-to-rent programs, which allow an investor to buy a newly built home as long as it’s occupied by a renter within 18 months of the purchase.

The number of self-employed workers is rising, helping boost originations of bank statement and investor loans.

More lenders are entering the non-qualified mortgage space or expanding their non-agency product offerings.

While real estate investor purchases dropped on a quarterly basis in the first quarter of 2026, the flipping rate as a percentage of total sales nationwide grew.

The fees for early payoffs are only available for non-owner-occupied loans. The convexity profile they create for non-agency loans makes them attractive to MBS investors.

Redfin said that investors purchased 7.8% of all home listings in the first quarter, their lowest level since 2020.

Some $1.35 billion of Pennymac’s securitized originations in the first three months of this year were loans eligible to be sold to the GSEs.

Enhancing exclusive listing periods of foreclosed properties for owner-occupants might have had an effect on increasing the supply of affordable homes for homebuyers despite caveats, according to the Department of Housing and Urban Development’s Office of Inspector General.

Growing acceptance of DSCR loans is helping drive improved lending flexibility.