April 4, 2025

Non-Agency MBS Market Starts Strong in 2025

Expanded-credit mortgages, jumbo loans and GSE-eligible collateral in MBS securitizations were all up in the first quarter of 2025. (Includes data tables.) Read More

ARDRI Enters Non-QM Via Wholesale Lending

Brian O’Shaughnessy, the former co-CEO of Rama Capital Partners, launched ARDRI to provide a mix of the latest technology and customer-focused operations for non-QM mortgage brokers. Read More

Non-Agency Still an Option for Non-Permanent Residents

A change in FHA lending requirements could lead to more non-permanent residents using non-QM options. Read More

GSE Noncore Activity Declines in First Quarter

Volume of noncore products at the GSEs shifted downward in the first quarter as questions around the future of Fannie Mae and Freddie Mac persist. (Includes data table.) Read More

Toorak Seeing Success With AI for BPL Originations

Toorak Connect is an underwriting platform that uses artificial intelligence and machine learning to score loans based on risk. It has been used to underwrite more than $5 billion in business-purpose loans since its launch in 2022. Read More

BSI Launches Servicing Tool for HELOCs

The subservicing solution is designed to manage the unique challenges of servicing home equity lines of credit. Read More

Manifest Eyes Tokenization for HEIs

The company recently received pre-seed funding to launch a stablecoin, $USH, that will be pegged to its portfolio of home equity investments. Read More

News Briefs

Brookfield to acquire majority stake in Angel Oak; Dominion Financial launches AI chatbots; Carrington Mortgage’s correspondent channel goes fully non-QM; Sachem Capital takes loss in 2024. Read More

Inside Nonconforming Markets

View Archived Issues

Non-Agency MBS Market Starts Strong in 2025

ARDRI Enters Non-QM Via Wholesale Lending

Non-Agency Still an Option for Non-Permanent Residents

GSE Noncore Activity Declines in First Quarter

Toorak Seeing Success With AI for BPL Originations

BSI Launches Servicing Tool for HELOCs

Manifest Eyes Tokenization for HEIs

News Briefs

Latest Imf News

Jumbo Mortgages Gaining Share in Originations

Annaly Brings Exceptionally Large Expanded-Credit MBS

Non-Agency MBS Investors Showing Insatiable Demand

Lennar Reducing Incentives for Home Purchases

Featured Data

Agency MBS Issuance Down in May as Refinance Falters

Correspondent Share Slips in First Quarter of 2026

FHA Refis Sole Bright Spot in First-Quarter Originations

Banks’ Mortgage Holdings Inch Down in First Quarter

Featured Reports

Agency Channel Analysis: 1Q26 (PDF)

Guide to Mortgage Lending to First-Time Homebuyers

IMF HMDA Dashboard: 2025

2026 Mortgage Market Statistical Annual (PDF)

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

April 4, 2025

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?