November 14, 2025

SPS Tops Non-Agency MBS Servicing in Third Quarter

Total non-agency mortgage-backed securities servicing volume increased by 12.9% during the third quarter, with nearly $34 billion of non-agency MBS servicing assigned. (Includes data table.) Read More

Warehouse Lenders Rethinking Non-QM Finance Strategies

As non-qualified mortgage loans are becoming more prevalent, warehouse lenders are considering new ways to fund the sector, according to Jon Ruiss, a partner at the law firm of Alston & Bird. Read More

AG Mortgage Investment Trust Acquires More Stake in Lender

AG Mortgage Investment Trust acquired an additional 21.4% ownership of Arc Home and generated $20.0 million of income in the third quarter of 2025. Read More

Angel Oak REIT Boosts Profits in Third Quarter

After profits declined in the second quarter, Angel Oak Mortgage REIT reported an increase in net income for the third quarter of 2025. Read More

Adamas Diversifies From Non-Agency Emphasis

Adamas Trust is investing in agency mortgage-backed securities, deploying $1.8 billion in agency MBS during the third quarter of 2025. Read More

Chimera Takes Loss in 3Q Due to Acquisition-Related Expenses

Chimera Investment took a loss of $580,000 in the third quarter of 2025 due to an increase in expenses related to its acquisition of HomeXpress Mortgage. Read More

Non-Agency Lenders Wary of Fraud in Certain Markets

Non-agency mortgage lenders were alerted to fraud tied to appraisals over the summer, and months later, fraud in the non-QM market is still present. Read More

News Briefs

Knock launches bridge loan product; Arrive Home expands Earned Equity Program; Angel Oak launches a rental AVM; Foundation Mortgage hires Samuel Bjelac. Read More

Inside Nonconforming Markets

View Archived Issues

SPS Tops Non-Agency MBS Servicing in Third Quarter

Warehouse Lenders Rethinking Non-QM Finance Strategies

AG Mortgage Investment Trust Acquires More Stake in Lender

Angel Oak REIT Boosts Profits in Third Quarter

Adamas Diversifies From Non-Agency Emphasis

Chimera Takes Loss in 3Q Due to Acquisition-Related Expenses

Non-Agency Lenders Wary of Fraud in Certain Markets

News Briefs

Latest Imf News

Rising Interest Rates Diminishing Mortgage Demand

HECM Endorsements Increase Slightly in 2025

Pennymac Spreads Out Agency-Eligible Deliveries

Lenders Face Complications With Non-Agency Lending

Featured Data

GSE Seller Buybacks and Unresolved Claims Decline

Profits Sag at FHLBanks in Fourth Quarter

Production vs Servicing Results Mixed in 4Q25

Correspondents Retreat in 4Q as Brokers Forge Ahead

Featured Reports

Agency Channel Analysis: 4Q25 (PDF)

IMF Mortgage Directory: Full interactive database

IMF HMDA Dashboard: 2024

Top Mortgage Players: 3Q25 (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

November 14, 2025

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