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    <title>Inside Nonconforming Markets</title>
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    <item>
      <title>ARM Production Bounces Back in Fourth Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[An estimated $94.00 billion of adjustable-rate mortgages were originated in the fourth quarter, up 20.5% from the third quarter. For the full year, volume shot up 44.7% to an estimated $298.00 billion. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237016</guid>
      <pubDate>Fri, 27 Mar 2026 14:52:54 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237016-arm-production-back-up-in-fourth-quarter-ytd</link>
    </item>
    <item>
      <title>Maxex Platform Grows With Tradeweb</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[In the month since announcing its partnership with Tradeweb, Maxex has seen growth in its digital exchange platform. The company also made updates to its non-QM Select 5 program.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237037</guid>
      <pubDate>Fri, 27 Mar 2026 14:51:56 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237037-maxex</link>
    </item>
    <item>
      <title>Newer Non-Agency Lenders Face Stumbling Blocks</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[If originators moving into the non-agency space are not careful with product types unfamiliar to them, there can be risk and operational ramifications downstream.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237027</guid>
      <pubDate>Fri, 27 Mar 2026 14:50:59 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237027-incenter-diligence-sees-growing-product-type-diversification</link>
    </item>
    <item>
      <title>Correspondent Share of Nonconforming Lending Increases</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[In 2025, the correspondent channel gained market share in the nonconforming market from the retail and broker channels. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237065</guid>
      <pubDate>Fri, 27 Mar 2026 14:48:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237065-correspondent-share-of-nonconforming-lending-increases-broker-retail-shares-decrease</link>
    </item>
    <item>
      <title>AAPL Warns of Fraud on Business-Purpose Loans</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The American Association of Private Lenders issued the alert because of concerns that the fraud patterns could be widely replicated.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237063</guid>
      <pubDate>Fri, 27 Mar 2026 14:47:04 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237063-aapl-issues-formal-alert-on-fraudulent-borrower-profile</link>
    </item>
    <item>
      <title>Lone Star Raises $1.0 Billion in Non-Agency Investments</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The company’s Lone Star Residential Mortgage Fund IV aims to invest upwards of $10 billion in non-agency mortgages.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237050</guid>
      <pubDate>Fri, 27 Mar 2026 14:45:06 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237050-lone-star-closes-fund-invests-in-non-agency-loans</link>
    </item>
    <item>
      <title>Huntington’s Physician Mortgages Performing Well</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Huntington National Bank’s physician lending business expects growth in mortgage originations and has exhibited strong performance.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237043</guid>
      <pubDate>Fri, 27 Mar 2026 14:44:07 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237043-huntings-physician-mortgages-performing-well</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Non-QM impairments rise in February; new automated underwriting system for jumbos; Flourish Lending looks to help independent advisors compete with banks.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237066</guid>
      <pubDate>Fri, 27 Mar 2026 14:43:11 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237066-news-briefs</link>
    </item>
    <item>
      <title>Non-Agency Jumbo Lending Flourished in 2025</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency jumbo mortgages gained market share with production up nearly 40% on an annual basis in 2025. All but one of the top 10 non-agency jumbo lenders reported year-on-year increases. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236888</guid>
      <pubDate>Fri, 13 Mar 2026 13:10:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236888-jumbo-originations-tick-up-in-fourth-quarter</link>
    </item>
    <item>
      <title>Non-Agency Interest Rates Rise Amid Volatility Due to Iran War</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Market volatility and oil price shocks tied to the conflict in the Middle East are driving up interest rates on non-agency mortgages.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236928</guid>
      <pubDate>Fri, 13 Mar 2026 13:08:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236928-non-agency-interest-rates-rise-with-iran-volatility</link>
    </item>
    <item>
      <title>Newfi Lending Open to Acquisitions, Partnerships</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[After rapid growth in 2025, Newfi Lending is looking to acquire lenders and establish partnerships.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236921</guid>
      <pubDate>Fri, 13 Mar 2026 13:07:16 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236921-newfi-lending-open-to-acquisitions-partnerships</link>
    </item>
    <item>
      <title>Jumbo Servicing Volume Grows in Fourth Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The volume of jumbo mortgages handled by 30 major servicers inched up 1.3% between the end of third quarter of 2025 and yearend. Compared with the end of 2024, servicing volume was up 2.4%. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236926</guid>
      <pubDate>Fri, 13 Mar 2026 13:06:17 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236926-jumbo-servicing-volume-grows-in-fourth-quarter</link>
    </item>
    <item>
      <title>RTL Originations Flat While DSCR Volume Sees Growth</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Originations of residential transition loans saw little growth at the start of this year, while debt service coverage ratio loan volume increased.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236904</guid>
      <pubDate>Fri, 13 Mar 2026 13:05:19 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236904-rtl-originations-flat-while-dscr-loans-see-growth</link>
    </item>
    <item>
      <title>Production Declines at Velocity in Fourth Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The business-purpose lender’s origination volume was down 14.1% on a quarterly basis in the fourth quarter, though income increased by 37.1%.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236919</guid>
      <pubDate>Fri, 13 Mar 2026 13:02:22 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236919-velocitys-loan-production-declines</link>
    </item>
    <item>
      <title>Urban Institute Calls for Regulation of Shared Equity Products</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[With originations of shared equity products increasing, additional regulations and transparency are needed to protect homeowners, according to analysts at the Urban Institute.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236911</guid>
      <pubDate>Fri, 13 Mar 2026 13:01:24 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236911-study-says-shared-equity-products-need-regulation-to-protect-consumers</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Radian plans to close non-agency conduit; Pennymac launches non-qualified mortgage suite in wholesale channel; Logan Finance offers new jumbo non-QM program; Beeline partners on tokenization.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236931</guid>
      <pubDate>Fri, 13 Mar 2026 13:00:25 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236931-news-briefs</link>
    </item>
    <item>
      <title>First-Lien Holdings at Banks Continue to Rise in 4Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Holdings of first-lien mortgages at commercial banks and savings institutions increased just 0.3% from the end of the third quarter to the fourth. All of the increase was driven by a 14.6% jump in holding of adjustable-rate mortgages. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236796</guid>
      <pubDate>Fri, 27 Feb 2026 13:40:53 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236796-first-lien-holdings-at-banks-and-thrifts-continue-to-rise-in-4q</link>
    </item>
    <item>
      <title>Despite Volatility, Crypto Lending Sees Strong Demand</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Though the value of bitcoin has dropped sharply in recent months, mortgage lenders allowing borrowers to use the crypto holding to qualify for home purchases are bullish on the product.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236795</guid>
      <pubDate>Fri, 27 Feb 2026 13:36:55 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236795-despite-volatility-crypto-lending-sees-strong-demand</link>
    </item>
    <item>
      <title>Redwood Markets Inaugural Aspire Securitization</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The $391.3 million non-qualified mortgage securitization received preliminary AAA ratings from three firms. The REIT had been selling the production primarily as whole loans until now.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236780</guid>
      <pubDate>Fri, 27 Feb 2026 13:34:55 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236780-redwood-markets-inaugural-non-qm-securitization</link>
    </item>
    <item>
      <title>Non-Agency Servicing Needs Collaboration, Robust Data</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Speakers at the Mortgage Bankers Association’s servicing solutions conference discussed what makes a good non-agency servicer.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236766</guid>
      <pubDate>Fri, 27 Feb 2026 13:32:57 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236766-non-agency-market-evolving-alongside-servicing</link>
    </item>
    <item>
      <title>Select Portfolio Loses Some Servicing Market Share in 4Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Select Portfolio Servicing and Newrez/Shellpoint, the top two servicers of non-agency MBS issued during the fourth quarter of 2025, handled nearly 50% of the market. But both lost market share. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236801</guid>
      <pubDate>Fri, 27 Feb 2026 13:30:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236801-non-agency-mbs-servicing-is-flat-in-fourth-quarter</link>
    </item>
    <item>
      <title>MFA Financial’s Income Increases; BPL Lender Expands</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[MFA Financial posted an increase in income in the fourth quarter of 2025. The firm’s BPL lender Lima One launched a wholesale channel and plans to relaunch multifamily lending in early 2026.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236783</guid>
      <pubDate>Fri, 27 Feb 2026 13:28:02 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236783-mfa-financials-income-increases-launches-wholesale-channel-live</link>
    </item>
    <item>
      <title>Angel Oak REIT Leans into HELOCs; Income Steady in 4Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Though Angel Oak Mortgage REIT’s main focus is non-qualified mortgages, the REIT plans to regularly participate in securitizing home equity lines of credit.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236784</guid>
      <pubDate>Fri, 27 Feb 2026 13:26:05 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236784-angel-oak-reit-leans-into-helocs-steady-income-in-4q</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Non-QM impairment rate rises in January; LenderMAC acquires Direct Mortgage.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236799</guid>
      <pubDate>Fri, 27 Feb 2026 13:24:07 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236799-news-briefs</link>
    </item>
    <item>
      <title>Prime Non-Agency MBS Issuance Up Nearly 40% in 2025</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Rate-term refinances and loans eligible for sale to the GSEs helped to increase issuance of prime non-agency MBS in 2025. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236651</guid>
      <pubDate>Fri, 13 Feb 2026 12:36:31 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236651-prime-non-agency-mbs-issuance-up-nearly-40-in-2025</link>
    </item>
    <item>
      <title>Redwood Profitable in 4Q; Preps New MBS Shelf</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Redwood Trust generated $20.0 million of net income in the fourth quarter of 2025, recovering from a $7.7 million loss in the third quarter. The REIT is also planning to launch a new shelf for expanded-credit MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236675</guid>
      <pubDate>Fri, 13 Feb 2026 12:34:33 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236675-redwood-generates-profit-launches-expanded-credit-mbs-platform</link>
    </item>
    <item>
      <title>Brokers First Funding Plots Non-QM Growth in 2026</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The wholesale lender’s goals include increasing brand awareness, geographic expansion and improving service levels.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236658</guid>
      <pubDate>Fri, 13 Feb 2026 12:32:34 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236658-brokers-first-funding-plans-for-overall-growth-in-2026</link>
    </item>
    <item>
      <title>Newrez Increases Production of Non-QMs in 4Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Originations of non-qualified mortgages by Newrez increased by 50% on a quarterly basis in the fourth quarter of 2025.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236642</guid>
      <pubDate>Fri, 13 Feb 2026 12:31:35 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236642-newrez-income-drops-in-4q-non-qm-production-increases</link>
    </item>
    <item>
      <title>Maxex and Tradeweb Collaborate on Mortgage Marketplace</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Maxex and Tradeweb Markets announced a collaboration to expand access to mortgage investments. Tradeweb also made a strategic investment in Maxex.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236672</guid>
      <pubDate>Fri, 13 Feb 2026 12:30:38 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236672-maxex-and-tradeweb-collaborate-to-expand-mortgage-marketplace</link>
    </item>
    <item>
      <title>Non-QM Performance Sees Slight Recovery in December</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The improvement was not enough to recover the ground lost in November, which ended on a Sunday.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236671</guid>
      <pubDate>Fri, 13 Feb 2026 12:29:39 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236671-non-qm-performance-sees-slight-recovery</link>
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