July 31, 2026

Prime Non-Agency MBS Issuance Drops in 2Q

Issuance of prime non-agency mortgage-backed securities cooled off somewhat in the second quarter of 2026, but remained elevated on an annual basis. (Includes three data tables.) Read More

Annaly’s Non-Agency Momentum Continues in 2Q

Annaly Capital Management nearly tripled its profit from the first to the second quarter as it leaned into its residential credit business. Read More

Redwood 2Q Loss Narrows; Aspire’s Lock Volume Up

Redwood Trust posted another quarter of losses in the second quarter tied to its efforts to wind down legacy assets, including multifamily bridge loans investments. Read More

Pennymac REIT Shifts Focus of Correspondent Production

Pennymac Mortgage Investment Trust has seen success in its private-label securitization program causing it to stop acquiring agency-eligible, conventional-conforming loans through correspondent production. Read More

Outlook of Securitized HEIs Weak Once Pools Season

Morningstar DBRS analyzed how securitizations of home equity investments fared against home price appreciation. Read More

Lenders Expand Non-QM Business as Sector Grows

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

Adamas Acquires Record Amount of BPLs in 2Q

Adamas Trust acquired $632 million of business-purpose loans during the second quarter of 2026 and completed two BPL-rental securitizations. Read More

News Briefs

Gershman Mortgage launches HELOC product; HighTechLending enhanced HELOC offering; Truss Financial Group launches a debt service coverage ratio HELOC; Movement Mortgage launches ITIN product. Read More

Inside Nonconforming Markets

View Archived Issues

Prime Non-Agency MBS Issuance Drops in 2Q

Annaly’s Non-Agency Momentum Continues in 2Q

Redwood 2Q Loss Narrows; Aspire’s Lock Volume Up

Pennymac REIT Shifts Focus of Correspondent Production

Outlook of Securitized HEIs Weak Once Pools Season

Lenders Expand Non-QM Business as Sector Grows

Adamas Acquires Record Amount of BPLs in 2Q

News Briefs

Latest Imf News

Purchase-Mortgage and Refi Volume Diverge in Second Quarter

Losses Increase at Homebuilder Hovnanian Enterprises

Insurance Companies Add to Whole-Loan Mortgage Holdings

New Listings for Homes Up, Asking Price Slips

Featured Data

GSEs Deliver Consistent Profits; No Closer to Solvency

Bank Mortgage Earnings Tick Up in Second Quarter

Non-Agency Pushes CMBS Issuance Up Slightly in 2Q

PMIs Gain Purchase Share, Refinance Share Slips

Featured Reports

Agency Seller-Issuer Profile: 1Q26 (PDF)

2026 Mortgage Market Statistical Annual (PDF)

IMF HMDA Dashboard: 2025

Guide to Mortgage Lending to First-Time Homebuyers

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

Inside Nonconforming Markets

July 31, 2026

Download Files:

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?