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    <title>Non-Agency MBS</title>
    <description></description>
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    <item>
      <title>Securitization of Home Equity Loans Cools</title>
      <author>bivey@imfpubs.com</author>
      <description>Even when excluding a large issuance in the first quarter of seasoned closed-end second liens, securitizations of home equity loans declined on a quarterly basis in the second quarter. (Includes three data files.)</description>
      <content:encoded>
        <![CDATA[Even when excluding a large issuance in the first quarter of seasoned closed-end second liens, securitizations of home equity loans declined on a quarterly basis in the second quarter. (Includes three data files.)]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238319</guid>
      <pubDate>Thu, 20 Aug 2026 16:18:59 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238319-securitization-of-home-equity-loans-cools-in-2q</link>
    </item>
    <item>
      <title>Residential Whole Loans Remain Attractive Option for Insurers</title>
      <author>jdohnert@imfpubs.com</author>
      <description>Insurance companies continue to grow their residential whole-loan portfolios as they look to diversify investments.</description>
      <content:encoded>
        <![CDATA[Insurance companies continue to grow their residential whole-loan portfolios as they look to diversify investments.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238328</guid>
      <pubDate>Thu, 20 Aug 2026 16:15:03 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238328-residential-whole-loans-remain-attractive-option-for-insurers</link>
    </item>
    <item>
      <title>Castlelake to Issue Its First Securitization of RTLs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>Loans in the planned securitization were originated by Resfin Partners, an affiliate of investment firm Castlelake.</description>
      <content:encoded>
        <![CDATA[Loans in the planned securitization were originated by Resfin Partners, an affiliate of investment firm Castlelake.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238316</guid>
      <pubDate>Thu, 20 Aug 2026 16:12:21 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238316-eastview-plans-to-issue-non-agency-mbs</link>
    </item>
    <item>
      <title>TPG Mortgage Boosts Agency MBS With Cherry Hill Deal</title>
      <author>jdohnert@imfpubs.com</author>
      <description>TPG Mortgage Investment Trust is set to acquire Cherry Hill Mortgage Investment in a $117.5 million deal.</description>
      <content:encoded>
        <![CDATA[TPG Mortgage Investment Trust is set to acquire Cherry Hill Mortgage Investment in a $117.5 million deal.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238262</guid>
      <pubDate>Thu, 13 Aug 2026 16:35:52 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238262-tpg-mortgage-boosts-agency-mbs-with-cherry-hill-deal</link>
    </item>
    <item>
      <title>RTL Securitization Expected to Decline this Year</title>
      <author>azimmardi@imfpubs.com</author>
      <description>Kroll Bond Rating Agency projects that issuance involving residential transition loans will decline by 12% on an annual basis this year, continuing the sector’s uneven yearly output.</description>
      <content:encoded>
        <![CDATA[Kroll Bond Rating Agency projects that issuance involving residential transition loans will decline by 12% on an annual basis this year, continuing the sector’s uneven yearly output.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238190</guid>
      <pubDate>Thu, 06 Aug 2026 16:25:58 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238190-rtl-securitization-volume-to-drop-in-2026</link>
    </item>
    <item>
      <title>Generational Wealth Transfer Could Impact MBS Supply</title>
      <author>jdohnert@imfpubs.com</author>
      <description>A significant amount of wealth is expected to be transferred to younger generations in the coming years, leading to smaller mortgage amounts and a change in MBS characteristics.</description>
      <content:encoded>
        <![CDATA[A significant amount of wealth is expected to be transferred to younger generations in the coming years, leading to smaller mortgage amounts and a change in MBS characteristics.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238187</guid>
      <pubDate>Thu, 06 Aug 2026 16:24:59 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238187-generational-wealth-transfer-could-impact-mbs-supply</link>
    </item>
    <item>
      <title>Redwood Issues Second MBS Backed by Doctor Mortgages</title>
      <author>azimmardi@imfpubs.com</author>
      <description>The average balance of loans in the new deal is $916,240, compared to $794,484 in Redwood’s March deal.</description>
      <content:encoded>
        <![CDATA[The average balance of loans in the new deal is $916,240, compared to $794,484 in Redwood’s March deal.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238132</guid>
      <pubDate>Thu, 30 Jul 2026 16:10:25 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238132-redwood-prices-second-more-diversified-non-agency-mbs-with-mortgages-for-doctors</link>
    </item>
    <item>
      <title>Bayview Issues Forward-Flow Non-Agency MBS Deals</title>
      <author>azimmardi@imfpubs.com</author>
      <description>Bayview Asset Management recently issued two forward-flow deals, with the issuer adding to the pools during a prefunding period.</description>
      <content:encoded>
        <![CDATA[Bayview Asset Management recently issued two forward-flow deals, with the issuer adding to the pools during a prefunding period.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238068</guid>
      <pubDate>Thu, 23 Jul 2026 14:44:56 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238068-bayview-closes-unique-non-agency-mbs-deals</link>
    </item>
    <item>
      <title>Warehouse Lending Securitization Could See Hit</title>
      <author>bivey@imfpubs.com</author>
      <description>The Basel re-proposal from federal bank regulators includes provisions that would limit mortgage warehouse lending and securitization by banks, according to industry participants.</description>
      <content:encoded>
        <![CDATA[The Basel re-proposal from federal bank regulators includes provisions that would limit mortgage warehouse lending and securitization by banks, according to industry participants.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238066</guid>
      <pubDate>Thu, 23 Jul 2026 14:43:58 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238066-bank-warehouse-lending-securitization-could-see-hit</link>
    </item>
    <item>
      <title>Point Issues Largest-Ever HEI Deal</title>
      <author>azimmardi@imfpubs.com</author>
      <description>More than 30 investors participated in the $508.6 million securitization of home equity investment products.</description>
      <content:encoded>
        <![CDATA[More than 30 investors participated in the $508.6 million securitization of home equity investment products.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238063</guid>
      <pubDate>Thu, 23 Jul 2026 14:42:02 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238063-point-closed-largest-ever-hei-deal</link>
    </item>
    <item>
      <title>KBRA Begins Rating RTL Securitizations</title>
      <author>azimmardi@imfpubs.com</author>
      <description>Kroll Bond Rating Agency last week assigned ratings on a $191.5 million deal of residential transition loans from Fidelis Investors.</description>
      <content:encoded>
        <![CDATA[Kroll Bond Rating Agency last week assigned ratings on a $191.5 million deal of residential transition loans from Fidelis Investors.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238018</guid>
      <pubDate>Thu, 16 Jul 2026 16:54:53 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238018-kbra-begins-rating-rtls</link>
    </item>
    <item>
      <title>Interest Rate Volatility Could Provide Boost for MBS</title>
      <author>jdohnert@imfpubs.com</author>
      <description>Angel Oak Capital Advisors believes that a recent rise in interest rate volatility could help increase returns for MBS.</description>
      <content:encoded>
        <![CDATA[Angel Oak Capital Advisors believes that a recent rise in interest rate volatility could help increase returns for MBS.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/238007</guid>
      <pubDate>Thu, 16 Jul 2026 16:48:58 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/238007-interest-rate-volatility-could-provide-boost-for-mbs</link>
    </item>
    <item>
      <title>MBS Investors Raise Concerns on Climate Risk</title>
      <author>jdohnert@imfpubs.com</author>
      <description>Investors are scrutinizing risks to MBS posed by climate issues. Analysts believe the anxiety doesn’t align with historical data.</description>
      <content:encoded>
        <![CDATA[Investors are scrutinizing risks to MBS posed by climate issues. Analysts believe the anxiety doesn’t align with historical data.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237954</guid>
      <pubDate>Thu, 16 Jul 2026 16:45:03 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237954-mbs-investors-raise-concerns-on-climate-risk</link>
    </item>
    <item>
      <title>FHFA, SEC Plan Separate Securitization Proposals</title>
      <author>bivey@imfpubs.com</author>
      <description>FHFA plans to issue a proposed rule regarding credit-risk retention and the SEC is working toward a proposal to encourage issuance of publicly registered MBS and ABS.</description>
      <content:encoded>
        <![CDATA[FHFA plans to issue a proposed rule regarding credit-risk retention and the SEC is working toward a proposal to encourage issuance of publicly registered MBS and ABS.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237943</guid>
      <pubDate>Thu, 09 Jul 2026 16:29:56 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237943-fhfa-sec-plan-separate-securitization-proposals</link>
    </item>
    <item>
      <title>Figure Sees Pre-Funded Deals as Alternative to TBA Market</title>
      <author>jdohnert@imfpubs.com</author>
      <description>Figure issued a fully pre-funded securitization with HELOCs, with the firm touting the effort as an alternative to the agency TBA market.</description>
      <content:encoded>
        <![CDATA[Figure issued a fully pre-funded securitization with HELOCs, with the firm touting the effort as an alternative to the agency TBA market.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237948</guid>
      <pubDate>Thu, 09 Jul 2026 16:27:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237948-figure-closes-first-fully-pre-funded-securitization</link>
    </item>
    <item>
      <title>Securitization Players Seek Changes to Capital Proposal</title>
      <author>bivey@imfpubs.com</author>
      <description>SFA and other trade groups are seeking major changes to the re-proposed bank capital requirements. MBA raised concerns that non-agency MBS would receive more favorable capital treatment than GSE MBS.</description>
      <content:encoded>
        <![CDATA[SFA and other trade groups are seeking major changes to the re-proposed bank capital requirements. MBA raised concerns that non-agency MBS would receive more favorable capital treatment than GSE MBS.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237839</guid>
      <pubDate>Thu, 25 Jun 2026 16:24:43 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237839-securitization-players-seek-changes-to-capital-proposal</link>
    </item>
    <item>
      <title>Non-QM MBS Seen as Alternative to More Volatile Securities</title>
      <author>jdohnert@imfpubs.com</author>
      <description>Investors see expanded-credit MBS as a safer bet than consumer ABS and CLO deals.</description>
      <content:encoded>
        <![CDATA[Investors see expanded-credit MBS as a safer bet than consumer ABS and CLO deals.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237835</guid>
      <pubDate>Thu, 25 Jun 2026 16:18:49 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237835-non-qm-mbs-seen-as-alternative-to-more-volatile-securities</link>
    </item>
    <item>
      <title>Securitization Rate for Mortgages Rebounds in First Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>More than 90% of expanded-credit mortgage production went into MBS in the first quarter of 2026. (Includes data table.)</description>
      <content:encoded>
        <![CDATA[More than 90% of expanded-credit mortgage production went into MBS in the first quarter of 2026. (Includes data table.)]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237848</guid>
      <pubDate>Thu, 25 Jun 2026 16:16:45 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237848-securitization-rate-for-mortgages-rebounds-in-1q</link>
    </item>
    <item>
      <title>New Investors Flock to Non-Agency MBS </title>
      <author>jdohnert@imfpubs.com</author>
      <description>International players and smaller insurance companies are expected to increase their investments in expanded-credit MBS.</description>
      <content:encoded>
        <![CDATA[International players and smaller insurance companies are expected to increase their investments in expanded-credit MBS.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237786</guid>
      <pubDate>Thu, 18 Jun 2026 11:07:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237786-new-investors-flock-to-mbs-market</link>
    </item>
    <item>
      <title>Banks Likely to Reduce Loan Sales With Capital Change</title>
      <author>dhollier@imfpubs.com</author>
      <description>Urban Institute researchers say the mortgage industry will experience slightly better capital treatment as a result of the changes to the Basel III Endgame, but they recommend some improvements.</description>
      <content:encoded>
        <![CDATA[Urban Institute researchers say the mortgage industry will experience slightly better capital treatment as a result of the changes to the Basel III Endgame, but they recommend some improvements.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237787</guid>
      <pubDate>Thu, 18 Jun 2026 11:06:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237787-rejiggering-the-basel-re-proposal</link>
    </item>
    <item>
      <title>Demand for Non-Agency MBS Exceptionally Strong</title>
      <author>bivey@imfpubs.com</author>
      <description>The yield curve is helping to drive up demand for non-agency MBS. And rising delinquencies aren’t much of a concern for investors.</description>
      <content:encoded>
        <![CDATA[The yield curve is helping to drive up demand for non-agency MBS. And rising delinquencies aren’t much of a concern for investors.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237717</guid>
      <pubDate>Thu, 11 Jun 2026 17:07:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237717-demand-for-non-agency-mbs-exceptionally-strong</link>
    </item>
    <item>
      <title>Variety of Risks Seen in Non-Agency Market</title>
      <author>bivey@imfpubs.com</author>
      <description>Investors aren’t tiering issuers/deals, fraud is a risk with cash-out DSCR mortgages, jumbos in expanded-credit MBS prepay faster than traditional expanded-credit mortgages and investors are getting aggressive with bids for GSE-eligible mortgages.</description>
      <content:encoded>
        <![CDATA[Investors aren’t tiering issuers/deals, fraud is a risk with cash-out DSCR mortgages, jumbos in expanded-credit MBS prepay faster than traditional expanded-credit mortgages and investors are getting aggressive with bids for GSE-eligible mortgages.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237720</guid>
      <pubDate>Thu, 11 Jun 2026 17:03:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237720-some-risks-seen-in-non-agency-market</link>
    </item>
    <item>
      <title>Egan-Jones ABS Rating Head Critical of Ratings by Others</title>
      <author>bivey@imfpubs.com</author>
      <description>Sylvain Raynes, the new lead of the structured finance practice at Egan-Jones Ratings Company, warned that MBS and ABS investors are losing money if they’re relying on fairly static ratings from other firms.</description>
      <content:encoded>
        <![CDATA[Sylvain Raynes, the new lead of the structured finance practice at Egan-Jones Ratings Company, warned that MBS and ABS investors are losing money if they’re relying on fairly static ratings from other firms.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237659</guid>
      <pubDate>Thu, 04 Jun 2026 18:04:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237659-egan-jones-abs-rating-head-critical-of-ratings</link>
    </item>
    <item>
      <title>SFA Simplifies TRID Compliance Review for Home Equity Loans</title>
      <author>dhollier@imfpubs.com</author>
      <description>The voluntary scope aims to standardize practices among due diligence reviewers and also prevent a “race to the bottom.”</description>
      <content:encoded>
        <![CDATA[The voluntary scope aims to standardize practices among due diligence reviewers and also prevent a “race to the bottom.”]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237577</guid>
      <pubDate>Thu, 28 May 2026 16:08:39 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237577-sfa-simplifies-trid-compliance-review-for-home-equity-loans</link>
    </item>
    <item>
      <title>Moody’s Ready to Rate Securitizations of Home Equity Loans</title>
      <author>bivey@imfpubs.com</author>
      <description>The rating service last week finalized a methodology update that will allow it to rate securitizations of home equity loans.</description>
      <content:encoded>
        <![CDATA[The rating service last week finalized a methodology update that will allow it to rate securitizations of home equity loans.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237591</guid>
      <pubDate>Thu, 28 May 2026 16:04:45 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237591-moodys-ready-to-rate-securitizations-of-home-equity-loans</link>
    </item>
    <item>
      <title>Chase Deal Skews HEL Securitization in First Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>Excluding a one-off $5.69 billion issuance from Chase, securitization of home equity loans declined during the first quarter. Activity involving closed-end second liens held up while HELOC issuance fell. (Includes three data tables.)</description>
      <content:encoded>
        <![CDATA[Excluding a one-off $5.69 billion issuance from Chase, securitization of home equity loans declined during the first quarter. Activity involving closed-end second liens held up while HELOC issuance fell. (Includes three data tables.)]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237536</guid>
      <pubDate>Thu, 21 May 2026 16:22:33 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237536-chase-deal-skews-hel-securitization-in-1q</link>
    </item>
    <item>
      <title>DQs on Second-Liens Rising Faster Than Expected</title>
      <author>jdohnert@imfpubs.com</author>
      <description>Fitch placed a “deteriorating” outlook on the securitized second-lien market due to rising delinquencies. However, the rating service said that the sector is still performing within its base case expectations.</description>
      <content:encoded>
        <![CDATA[Fitch placed a “deteriorating” outlook on the securitized second-lien market due to rising delinquencies. However, the rating service said that the sector is still performing within its base case expectations.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237413</guid>
      <pubDate>Thu, 07 May 2026 16:27:54 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237413-dqs-on-second-lien-loans-rising-faster-than-expected</link>
    </item>
    <item>
      <title>Appeals Court Reverses Ruling on ERISA Liability</title>
      <author>sclark@imfpubs.com</author>
      <description>The Second Circuit Court of Appeals altered some of its original findings in a lawsuit dealing with MBS liability under the Employee Retirement Income Security Act.</description>
      <content:encoded>
        <![CDATA[The Second Circuit Court of Appeals altered some of its original findings in a lawsuit dealing with MBS liability under the Employee Retirement Income Security Act.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237348</guid>
      <pubDate>Thu, 30 Apr 2026 17:47:39 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237348-appeals-court-reverses-ruling-on-erisa-liability</link>
    </item>
    <item>
      <title>New Expanded-Credit MBS Issuer; Blackstone Returns</title>
      <author>azimmardi@imfpubs.com</author>
      <description>Itasca Park issued its first non-agency MBS issuance this week and Blackstone made its return to the non-agency MBS market as an issuer.</description>
      <content:encoded>
        <![CDATA[Itasca Park issued its first non-agency MBS issuance this week and Blackstone made its return to the non-agency MBS market as an issuer.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237350</guid>
      <pubDate>Thu, 30 Apr 2026 17:45:44 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237350-new-expanded-credit-mbs-issuer-blackstone-returns</link>
    </item>
    <item>
      <title>More GSE-Eligible Loans Going Into Non-Agency MBS</title>
      <author>jdohnert@imfpubs.com</author>
      <description>Issuers are increasingly delivering GSE-eligible owner-occupied mortgages to non-agency MBS in a bid to diversify liquidity.</description>
      <content:encoded>
        <![CDATA[Issuers are increasingly delivering GSE-eligible owner-occupied mortgages to non-agency MBS in a bid to diversify liquidity.]]>
      </content:encoded>
      <guid>http://www.insidemortgagefinance.com/articles/237285</guid>
      <pubDate>Thu, 23 Apr 2026 16:10:31 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237285-gse-eligible-loans-increasingly-heading-to-private-mbs</link>
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