October 31, 2025

Pennymac Tops Prime Non-Agency MBS Contributors in 3Q

During the third quarter of 2025, Pennymac once again passed JPMorgan Chase as the largest contributor to prime non-agency mortgage-backed securities. (Includes three data tables.) Read More

Annaly’s Non-Agency MBS Machine Humming Along

Annaly Capital Management and its subsidiary, Onslow Bay Financial, had a strong third quarter, with $2.3 billion in locks of expanded-credit mortgages. Read More

Pennymac Flourishing in Non-Agency Market

The company has expanded its issuance of non-agency MBS beyond GSE-eligible mortgages for non-owner-occupied properties, adding traditional GSE mortgages to the mix. Read More

Redwood Takes Loss in 3Q With Asset Sales

Redwood Trust’s core operations were profitable in the third quarter, including record mortgage acquisitions. However, sales of legacy assets prompted a loss at the real estate investment trust. Read More

Rithm Boosts Non-Agency Activity in Third Quarter

The mortgage-banking division of Rithm Capital originated $1.0 billion of non-qualified mortgages in the third quarter, up 42.9% from the previous quarter. Read More

LenderMAC Partners With Ares on Non-QMs

Ares Alternative Credit will purchase non-qualified mortgages from LenderMAC, as well as provide strategic capital to the lender. Read More

Court Reverses Decision on Regulation of HEIs

A federal court vacated its prior decision on a case regarding regulation of home equity investment products, allowing a lower court’s decision to dismiss the case to stand. Read More

News Briefs

Newfi Wholesale launches bank statement analysis offering; Columbia Threadneedle Investments partners with Long Run Partners to securitize non-agency mortgages. Read More

Inside Nonconforming Markets

View Archived Issues

Pennymac Tops Prime Non-Agency MBS Contributors in 3Q

Annaly’s Non-Agency MBS Machine Humming Along

Pennymac Flourishing in Non-Agency Market

Redwood Takes Loss in 3Q With Asset Sales

Rithm Boosts Non-Agency Activity in Third Quarter

LenderMAC Partners With Ares on Non-QMs

Court Reverses Decision on Regulation of HEIs

News Briefs

Latest Imf News

Mortgage Buyback Activity at Banks Down Somewhat in 3Q

NCRC Launches Fair Lending Tip Line

Locks for Refis Trail Off in November

Citi Broadens Prime Non-Agency MBS Issuance With Higher LTV Ratios

Featured Data

Nonbanks Post Small Drop in Mortgage-Banking Income

Bank MSR Portfolios Shrink Slightly, Valuation Strong

Bank ABS Holdings Decline in 3Q25, Auto Portfolios Grow

Lending Slows Across Products in Third Quarter

Featured Reports

Lender Profiles 2Q25: Top 25 (PDF)

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Mortgage Profitability Report 2Q25 (PDF)

IMF HMDA Dashboard: 2024

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

October 31, 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?