Nonconforming

Home Equity Loan Originations Increase by 20% in Second Quarter

bivey@imfpubs.com — Fri, 02 Oct 2026 11:59:00 -0400

Originations of home equity loans remain concentrated on HELOCs, which accounted for 80.5% of originations in the first half of this year.

ARM Originations, Market Share Increase in 2Q

azimmardi@imfpubs.com — Thu, 01 Oct 2026 11:59:00 -0400

The ARM share of first-lien originations increased to 16.8% from 15.0% in the first quarter.

Insurance Affiliate to Buy Majority Stake in Invictus

bivey@imfpubs.com — Wed, 30 Sep 2026 11:56:00 -0400

Invictus was the sixth-largest issuer of non-agency MBS in the first half of 2026, with $11.27 billion in issuance, according to Inside Nonconforming Markets.

Short Takes: Pulte Promises More Action on Credit Scoring / FICO Investors Spooked / ICE Offers Whole-Loan Pricing

bivey@imfpubs.com — Wed, 30 Sep 2026 11:55:00 -0400

“Credit bureaus need to focus on themselves and their costs, and compete,” wrote FHFA Director Bill Pulte. “Not credit scoring. Stay tuned. A lot will be happening in this sector.”

Short Takes: Home Prices Rise in July / Rocket Going With VS4 / $0.99 Per Score Through 2028 / Citi Selling Seasoned ARMs

bivey@imfpubs.com — Tue, 29 Sep 2026 11:55:00 -0400

Annually, home prices were up 2.6% in July, according to FHFA.

Ameritrust Files Suit Over Investor Fraud

azimmardi@imfpubs.com — Mon, 28 Sep 2026 11:57:00 -0400

While the applications subject of the lawsuit were made to Ameritrust, the defendants perpetrated the same fraud on other lenders involving hundreds of other properties, according to the lawsuit filed in the U.S. District Court for the District of Maryland.

Short Takes: Borrowers Want to See More Digital Closing Options / Non-QM Impairments Rise / Aven Launches Co-Branded HELOC / Foreclosure Starts Slow

jdohnert@imfpubs.com — Mon, 28 Sep 2026 11:55:00 -0400

Some 82% of recent homebuyers said they would be swayed to work with a lender that offered the opportunity to close a mortgage virtually.

Rocket Sends Home Equity Loans to TPG for Securitization

bivey@imfpubs.com — Wed, 23 Sep 2026 11:56:00 -0400

It’s the first securitization of home equity loans on the shelf operated by Angelo Gordon, which was acquired by TPG in 2023.

Short Takes: New Leaders at Sagent / Blackstone Back With an Expanded-Credit MBS / Non-QM Lender Offering $3,000 Credit

bivey@imfpubs.com — Tue, 22 Sep 2026 11:55:00 -0400

Sridhar Sharma is the new CEO of Sagent, following a nine-month stint in the position by Chris Marshall.

Jumbo Mortgages Gain Originations Share in Second Quarter

bivey@imfpubs.com — Fri, 18 Sep 2026 11:59:00 -0400

Jumbos accounted for 18.8% of originations in the second quarter of 2026, the highest share for the products since late 2022.

Verus Expanding Into Prime Non-Agency MBS Issuance

bivey@imfpubs.com — Fri, 18 Sep 2026 11:56:00 -0400

The planned $309.7 million prime non-agency MBS from Verus Mortgage Capital differs in a number of ways from its expanded-credit MBS issuance.

Banks Increase Mortgage Holdings in 2Q After Dip

bivey@imfpubs.com — Wed, 16 Sep 2026 11:59:00 -0400

The increase in holdings included three of the largest banks, which had reduced their portfolios during the second quarter.

Score Shopping a Concern in Non-Agency Market

azimmardi@imfpubs.com — Wed, 16 Sep 2026 11:58:00 -0400

Non-agency market participants have concerns about lender’s choice, but also expect modern credit scoring models to improve visibility into borrower credit behavior.

Growing Self-Employed Cohort Boosts Non-QM Market

jdohnert@imfpubs.com — Mon, 14 Sep 2026 11:57:00 -0400

A recent rise in self-employed individuals is helping drive increased demand for non-QM products such as bank statement loans, according to lenders who recently spoke with Inside Nonconforming Markets.

Short Takes: Lenders Increase Their Conforming Loan Limits / Listings of Homes Outpacing Sales / Greenberg Staying a Little Longer at Two Harbors / Redwood Upsizes Debt Offering

bivey@imfpubs.com — Fri, 11 Sep 2026 11:55:00 -0400

CrossCountry Mortgage and Rocket Mortgage raised the loan limit they'll accept for conforming mortgages by 1.5% ahead of an anticipated increase in conforming loan limits in the new year.

Chase Marketing Large Jumbo MBS

bivey@imfpubs.com — Thu, 10 Sep 2026 11:57:00 -0400

It’s the first jumbo MBS to top $1.0 billion since 2022.

Short Takes: GSEs to Disclose 2 Credit Scores / UWM’s Latest Pricing Incentives / No Downgrades of Expanded-Credit MBS / Wealthfront Plans Lending Expansion

bivey@imfpubs.com — Thu, 10 Sep 2026 11:55:00 -0400

The GSEs will disclose scores from FICO and VantageScore for their mortgage-backed securities, credit risk transfer transactions and other securitization activity.

Verus Latest Issuer With Large Expanded-Credit MBS Offering

bivey@imfpubs.com — Wed, 09 Sep 2026 11:58:00 -0400

Since Aug. 21, three issuers of expanded-credit MBS have offered deals individually sized at larger than $1.0 billion.

Castlelake and Redwood Bring First Joint Jumbo MBS

bivey@imfpubs.com — Fri, 04 Sep 2026 11:58:00 -0400

The deal is being issued with Redwood’s Sequoia shelf name and continues the numbering convention seen with prior issuance from Redwood.

Large Servicers See Reduction in Jumbo Portfolios in 2Q

azimmardi@imfpubs.com — Thu, 03 Sep 2026 11:58:00 -0400

Jumbo servicing declined during the second quarter at Bank of America, Chase and Wells Fargo.

GSE Condo Rule Update May Drive More Non-QM Production

azimmardi@imfpubs.com — Tue, 01 Sep 2026 11:56:00 -0400

Stricter condo lending standards at Fannie Mae and Freddie Mac could drive some borrowers to the non-agency market.

Jumbo Originations Rise in 2Q

azimmardi@imfpubs.com — Mon, 31 Aug 2026 11:59:00 -0400

In the second quarter, all but four of the 50 largest jumbo lenders posted increases in originations.

Short Takes: Redfin Gets New CEO / Former Rocket Exec Named CEO of Informed / CV3 on Track to Originate $2 Billion in BPLs / Knock Expands to Texas

jdohnert@imfpubs.com — Mon, 31 Aug 2026 11:55:00 -0400

Former Meta executive named CEO of Redfin; Former Rocket Pro GM named CEO of Informed; CV3 Touts technology for growth; Knock brings buy-before-you-sell product to Texas.

HEL Securitizations Slow in 2Q

bivey@imfpubs.com — Tue, 25 Aug 2026 11:59:00 -0400

Closed-end seconds remained the most common type of home equity loans for securitization in the second quarter, accounting for 50.5% of issuance.

Short Takes: CMS Enhances Non-QM Program / Mortgage Affordability Pressure Persists / MISMO Launches New AI Certs / CCM, Two Harbors Merger Complete

jdohnert@imfpubs.com — Tue, 25 Aug 2026 11:55:00 -0400

Among the changes, Carrington's program now allows eligible alternative-documentation borrowers to qualify with FICO scores as low as 550.

Short Takes: FHFA Still Pondering LLPA Changes / Evolve Bank Sells Medical Professional Loans / Blend Touts AI Results

bivey@imfpubs.com — Fri, 21 Aug 2026 11:55:00 -0400

FHFA could soon revise loan level price adjustments at the GSEs.

Short Takes: Annaly Pulls Back With Latest Expanded-Credit MBS / New Wholesale Lender / Profits Decline at Toll Brothers

bivey@imfpubs.com — Wed, 19 Aug 2026 11:55:00 -0400

The $337.5 million expanded-credit MBS Annaly Capital Management is marketing is much smaller than any other expanded-credit MBS the firm has issued this year.

Short Takes: Message to Employees From Better’s Interim CEO / HELOCs Flowing Into Securitizations / Borrowers Like Modern Credit Scores

bivey@imfpubs.com — Tue, 18 Aug 2026 11:55:00 -0400

"We have retained a dedicated team of experienced advisors to assist us with this matter, allowing our leadership team and employees to remain focused on our key operational objectives," Daniel Lewis, interim CEO of Better Home & Finance, wrote to employees amid a battle for leadership of the company.

Beeline Losses Narrow as Company Repositions Product Mix

jdohnert@imfpubs.com — Mon, 17 Aug 2026 11:56:00 -0400

Beeline noted that it is actively repositioning its product mix to focus on non-QM production.

Short Takes: Better Calls on Former CEO to End Rehire Campaign / HELOC Balances Continue to Rise / HomeTrust Acquires Blue Ridge / Rocket Adds New Independent Director

jdohnert@imfpubs.com — Mon, 17 Aug 2026 11:55:00 -0400

“It is time for Better to move forward with new leadership," Better's board said.