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

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

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?