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    <title>Expanded Credit</title>
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      <![CDATA[Description+goes+here]]>
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    <item>
      <title>Expanded-Credit MBS Issuance Slows in 4Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of expanded-credit mortgage-backed securities declined during the fourth quarter of 2025, marking the first quarterly decline in issuance for the sector in two years. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236538</guid>
      <pubDate>Fri, 30 Jan 2026 12:40:41 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236538-expanded-credit-mbs-issuance-drops-in-4q</link>
    </item>
    <item>
      <title>Non-Agency MBS Issuance Jumps 61% in 2025</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of expanded-credit MBS increased by nearly 80% on an annual basis in 2025 to $75.91 billion. Prime non-agency MBS issuance was up nearly 40% to $45.19 billion. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236419</guid>
      <pubDate>Fri, 16 Jan 2026 14:29:33 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236419-non-agency-mbs-issuance-jumps-61-in-2025</link>
    </item>
    <item>
      <title>Expanded-Credit MBS Issuance Hits Another Record in 3Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Issuance in the first nine months of the year was up nearly 90% compared with the first nine months of 2024. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235649</guid>
      <pubDate>Fri, 17 Oct 2025 15:38:26 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235649-expanded-credit-mbs-issuance-hits-another-record-in-3q</link>
    </item>
    <item>
      <title>Expanded-Credit MBS Issuance Up in Second Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Expanded-credit MBS issuance rose by 25.4% from the first quarter to the second quarter, with mortgages for self-employed borrowers, interest-only loans and refinances driving the increase. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234887</guid>
      <pubDate>Fri, 25 Jul 2025 13:59:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234887-expanded-credit-mbs-issuance-up-in-second-quarter</link>
    </item>
    <item>
      <title>GSE Conforming Jumbo Business Bounces Back in 2Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Securitization of conforming jumbo mortgages by the government-sponsored enterprises increased during the second quarter of 2025 after a slowdown in the previous quarter. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234740</guid>
      <pubDate>Fri, 11 Jul 2025 14:04:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234740-gse-conforming-jumbo-business-bounces-back-in-2q</link>
    </item>
    <item>
      <title>Mixed Trends in Performance of Expanded-Credit MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Delinquencies and loan modifications on securitized non-QMs resumed increasing in May. Issuance from 2023 is performing worse than prior vintages while deals from 2024 have benefited from improved underwriting.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234776</guid>
      <pubDate>Fri, 11 Jul 2025 14:03:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234776-mixed-trends-in-performance-of-expanded-credit-mbs</link>
    </item>
    <item>
      <title>Variety of Non-Agency MBS on Offer Early in 3Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[A cornucopia of non-agency MBS hit the market in early July.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234770</guid>
      <pubDate>Fri, 11 Jul 2025 14:01:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234770-variety-of-non-agency-mbs-on-offer-early-in-3q</link>
    </item>
    <item>
      <title>Retail Channel Loses Share in Nonconforming Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Retail lending among lenders in the analysis declined sharply during the first quarter while the correspondent and broker channels posted more modest declines in nonconforming production. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234673</guid>
      <pubDate>Fri, 27 Jun 2025 13:45:38 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234673-retail-channel-loses-share-in-nonconforming-market</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Impairment rate on securitized non-QMs rises in May; Rocket offering bridge loans; architecture firm to acquire non-QM lender; Chimera unit aggregating HEIs for securitization.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234679</guid>
      <pubDate>Fri, 27 Jun 2025 13:37:50 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234679-news-briefs</link>
    </item>
    <item>
      <title>Higher-Priced Lending Increases Slightly in 2024</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Federal agencies have used the higher-priced mortgage designation as a proxy for subprime lending. Strategies vary among the biggest originators of higher-priced mortgages, including focusing on loans for manufactured homes or expanded-credit mortgages. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234291</guid>
      <pubDate>Fri, 16 May 2025 15:06:51 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234291-higher-priced-lending-increases-slightly-in-2024</link>
    </item>
    <item>
      <title>Commercial Loan Tech Popular for Servicing Alt Products</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Debt service coverage ratio mortgages, residential transition loans and other alternative products include some unique features that can’t necessarily be handled well by servicing systems for standard residential mortgages.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234289</guid>
      <pubDate>Fri, 16 May 2025 15:04:53 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234289-commercial-loan-tech-popular-for-servicing-alt-products</link>
    </item>
    <item>
      <title>Annaly Seeing Resilient Demand for Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Annaly started marketing an expanded-credit MBS last month just as President Trump announced new tariffs. The deal went through at a spread that likely wouldn’t have been achievable as recently as three years ago.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234175</guid>
      <pubDate>Fri, 02 May 2025 13:07:29 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234175-annaly-seeing-resilient-demand-for-non-agency-mbs</link>
    </item>
    <item>
      <title>Rithm’s Investment Portfolio Recovers in First Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Rithm is both a buyer and seller of non-agency mortgages. Wider spreads in recent months have helped generate strong returns from loan acquisitions. Meanwhile, RTL production through its Genesis unit slowed during the first quarter.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234176</guid>
      <pubDate>Fri, 02 May 2025 13:04:30 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234176-rithms-investment-portfolio-recovers-in-first-quarter</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Impairment rate on non-QMs declines; new issuers of home equity loan securitizations; bank offers new jumbo ARMs via wholesale channel; proprietary reverse-mortgage product from Liberty Reverse Mortgage.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234173</guid>
      <pubDate>Fri, 02 May 2025 13:02:34 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234173-news-briefs</link>
    </item>
    <item>
      <title>CrossCountry Maintains Lead in Expanded-Credit MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Loans originated by CrossCountry Mortgage accounted for $942.1 million of mortgages in expanded-credit MBS issued in the first quarter of 2025. Annaly Capital Management’s Onslow Bay unit remained the largest issuer of expanded-credit MBS. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234041</guid>
      <pubDate>Fri, 18 Apr 2025 14:10:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234041-crosscountry-maintains-lead-in-expanded-credit-mbs</link>
    </item>
    <item>
      <title>Non-Agency Boost an Option With GSE Reform</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Proponents of the non-agency market see GSE reform as an opportunity to take steps to increase the non-agency share of activity in the secondary market. The Trump administration’s plans for the secondary market remain unclear.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234043</guid>
      <pubDate>Fri, 18 Apr 2025 14:06:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234043-non-agency-boost-an-option-with-gse-reform</link>
    </item>
    <item>
      <title>Carrington Goes Non-QM-Only for Correspondent Channel</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Carrington is expanding its guidelines and offering competitive pricing for non-QMs in the correspondent channel, aiming to gain market share. The company also works to help correspondent sellers mitigate risks on non-QM sales.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234045</guid>
      <pubDate>Fri, 18 Apr 2025 14:03:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234045-carrington-goes-non-qm-only-for-correspondent-channel</link>
    </item>
    <item>
      <title>Invictus to Sell Non-Agency Whole Loans to Castlelake</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Castlelake plans to invest in up to $2 billion of newly originated residential mortgages sourced from Invictus Capital Partners.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234046</guid>
      <pubDate>Fri, 18 Apr 2025 14:02:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234046-invictus-to-sell-non-agency-whole-loans-to-castlelake</link>
    </item>
    <item>
      <title>Non-QM Lender Working to Dig Out of Hole</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Beeline Financial started operations in 2020 and has yet to turn a profit. The company is now publicly traded thanks to a transaction involving a distillery, with plans to boost non-QM lending by leaning on technology.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234047</guid>
      <pubDate>Fri, 18 Apr 2025 14:01:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234047-non-qm-lender-working-to-dig-out-of-hole</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>pmuolo@imfpubs.com</author>
      <description>
        <![CDATA[Moody’s affirms assessments on Redwood; Deephaven loosens DSCR underwriting; Dan Perl update;&nbsp;ARDRI acquires expanded-credit lender; new proprietary reverse mortgages from&nbsp;Mutual of Omaha Mortgage.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234049</guid>
      <pubDate>Fri, 18 Apr 2025 14:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234049-news-briefs</link>
    </item>
    <item>
      <title>GSE Noncore Activity Declines in First Quarter</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Volume of noncore products at the GSEs shifted downward in the first quarter as questions around the future of Fannie Mae and Freddie Mac persist. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233925</guid>
      <pubDate>Fri, 04 Apr 2025 14:32:40 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233925-volume-for-noncore-gse-products-down-across-the-board-in-1q</link>
    </item>
    <item>
      <title>Toorak Seeing Success With AI for BPL Originations</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Toorak Connect is an underwriting platform that uses artificial intelligence and machine learning to score loans based on risk. It has been used to underwrite more than $5 billion in business-purpose loans since its launch in 2022.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233929</guid>
      <pubDate>Fri, 04 Apr 2025 14:31:43 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233929-toorak-leverages-ai-for-bpl-originations</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Brookfield to acquire majority stake in Angel Oak; Dominion Financial launches AI chatbots; Carrington Mortgage’s correspondent channel goes fully non-QM; Sachem Capital takes loss in 2024.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233932</guid>
      <pubDate>Fri, 04 Apr 2025 14:28:49 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233932-news-briefs</link>
    </item>
    <item>
      <title>Velocity Sees Record Profits in 4Q</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[The lender is seeing strong demand from borrowers and the secondary market for non-agency business purpose loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233786</guid>
      <pubDate>Fri, 21 Mar 2025 15:18:05 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233786-velocity-sees-record-profits-in-4q</link>
    </item>
    <item>
      <title>Originators Turn to Non-QMs Ahead of Economic Uncertainty</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Loan originators are looking to bank statement and DSCR loans to boost production in a higher-for-longer interest rate environment, according to Tom Hutchens, president of Angel Oak Mortgage Solutions.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233785</guid>
      <pubDate>Fri, 21 Mar 2025 15:12:07 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233785-originators-turn-to-non-qms-ahead-of-economic-uncertainty</link>
    </item>
    <item>
      <title>Rising Competition in Some Regions Challenge Fix-and-Flippers</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Fix-and-flip operators saw increased competition in some areas in the fourth quarter, but are optimistic for growth in 2025.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233788</guid>
      <pubDate>Fri, 21 Mar 2025 15:08:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233788-rising-competition-in-some-regions-challenge-fix-and-flippers</link>
    </item>
    <item>
      <title>Groundfloor Appeals Complex Title Insurance Case</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[The lawsuit involves paperwork errors for the titles of 10 Georgia properties where Groundfloor provided business purpose loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233792</guid>
      <pubDate>Fri, 21 Mar 2025 15:07:15 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233792-groundfloor-appeals-complicated-title-insurance-case</link>
    </item>
    <item>
      <title>Insurers Driving Non-Agency Whole-Loan Demand</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Insurance companies are using whole-loan purchases to better define the credit box for originations.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233653</guid>
      <pubDate>Fri, 07 Mar 2025 14:22:32 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233653-insurers-driving-non-agency-whole-loan-demand</link>
    </item>
    <item>
      <title>Tight Underwriting Helps Drive DSCR Performance</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Debt service coverage ratios are moving close to 1.0 but performance remains strong due to tight underwriting of borrowers.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233655</guid>
      <pubDate>Fri, 07 Mar 2025 14:20:35 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233655-tight-underwriting-helps-drive-dscr-performance</link>
    </item>
    <item>
      <title>Non-Agency Deals Help Boost Ellington Financial</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Increased securitization issuance in the fourth quarter helped fuel profits for Ellington Financial.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233650</guid>
      <pubDate>Fri, 07 Mar 2025 14:19:34 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233650-non-agency-deals-help-boost-ellington-financial-in-4q</link>
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