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    <title>Inside Nonconforming Markets</title>
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      <title>Banks’ Mortgage Holdings Inch Down in First Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Adjustable-rate mortgages accounted for 38.2% of first-lien holdings at banks and thrifts at the end of March, down from 42.6% at the end of December. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237547</guid>
      <pubDate>Fri, 22 May 2026 13:18:44 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237547-banks-reduce-mortgage-holdings-in-first-quarter</link>
    </item>
    <item>
      <title>Non-QM Lenders Look to Maintain Momentum</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[At the MBA’s secondary market conference this week, non-agency industry participants discussed how to keep non-QM originations flowing through market volatility.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237535</guid>
      <pubDate>Fri, 22 May 2026 13:14:46 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237535-future-of-non-qm-is-equity-product-refinement</link>
    </item>
    <item>
      <title>Explosion of Insurance Capital Helping DSCR Lending</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Demand from insurance companies is helping fuel originations of mortgages underwritten with debt service coverage ratios.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237510</guid>
      <pubDate>Fri, 22 May 2026 13:12:47 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237510-explosion-of-insurance-capital-to-dscr-market-grows-originations</link>
    </item>
    <item>
      <title>Chase Lags on Non-Agency MBS Servicing</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Among the top-five servicers handling non-agency mortgage-backed securities, JPMorgan Chase was the only servicer to see a drop in volume in the first quarter. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237528</guid>
      <pubDate>Fri, 22 May 2026 13:10:49 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237528-chase-lags-on-non-agency-mbs-servicing</link>
    </item>
    <item>
      <title>Higher-Priced Lending Declines in 2025</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency originations of higher-priced mortgages declined to $32.29 billion in 2025. The loans accounted for just 1.7% of total originations last year. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237519</guid>
      <pubDate>Fri, 22 May 2026 13:07:51 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237519-higher-priced-lending-drops-in-2025</link>
    </item>
    <item>
      <title>Figure’s Ambitions Go Beyond HELOCs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Officials at Figure Technology Solutions see home equity lines of credit as a way to get into the residential mortgage market. They plan to expand into other offerings.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237517</guid>
      <pubDate>Fri, 22 May 2026 13:06:55 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237517-figures-ambitions-go-beyond-helocs</link>
    </item>
    <item>
      <title>Income Engine Launches With Non-QM Product Analysis</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Started by a longtime participant in the non-agency market, Income Engine aims to help loan originators qualify borrowers for non-qualified mortgages.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237537</guid>
      <pubDate>Fri, 22 May 2026 13:05:02 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237537-income-engine-launches-provides-non-qm-options-to-maximize-purchase-power</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Morningstar DBRS confirms Acra Lending’s originator ranking; Redwood Trust prices $125.0 million debt offering.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237550</guid>
      <pubDate>Fri, 22 May 2026 13:04:04 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237550-news-briefs</link>
    </item>
    <item>
      <title>GSE-Eligible Loans, Refis Fuel Prime Non-Agency MBS</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of prime non-agency mortgage-backed securities increased by 17.0% on a quarterly basis in the first quarter of 2026. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237411</guid>
      <pubDate>Fri, 08 May 2026 13:15:47 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237411-prime-non-agency-mbs-up-with-gse-eligible-loans-refis</link>
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    <item>
      <title>Redwood Takes Loss in 1Q Amid Record Volume</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Redwood incurred a $5.5 million loss in the first quarter of 2026 even as mortgage-banking volume hit a record for the company.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237405</guid>
      <pubDate>Fri, 08 May 2026 13:12:48 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237405-redwood-reports-loss-for-1q-despite-record-volume</link>
    </item>
    <item>
      <title>Jumbo Correspondent Sellers Shift Strategies in 2025</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Correspondent sales of jumbo mortgages increased by 39.7% on an annual basis in 2025. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237408</guid>
      <pubDate>Fri, 08 May 2026 13:10:50 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237408-big-shifts-among-jumbo-correspondent-sellers-in-2025</link>
    </item>
    <item>
      <title>Pennymac REIT’s Income Drops in First Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Income at Pennymac Mortgage Investment Trust declined by more than 50% in the first quarter of 2026 as the real estate investment trust put an emphasis on non-agency activity.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237423</guid>
      <pubDate>Fri, 08 May 2026 13:09:51 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237423-pennymac-reit-income-sees-dip-in-1q</link>
    </item>
    <item>
      <title>EMCAP Financial Launches With a Focus on RTLs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The residential debt platform launched this week. It is led by a former executive at Fidelis Investors.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237392</guid>
      <pubDate>Fri, 08 May 2026 13:08:52 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237392-emcap-financial-launches-with-a-focus-on-rtls</link>
    </item>
    <item>
      <title>Angel Oak REIT Posts Loss in First Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The company, which focuses on securitizations of non-QMs and home equity loans, saw declines in the value of its assets.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237420</guid>
      <pubDate>Fri, 08 May 2026 13:07:55 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237420-angel-oak-reit-posts-loss-in-income</link>
    </item>
    <item>
      <title>MFA Financial Swings to Loss in First Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[After posting a $54.3 million profit in the fourth quarter, MFA Financial took a loss of $1.0 million in the first quarter of 2026 after posting losses on various non-agency assets.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237426</guid>
      <pubDate>Fri, 08 May 2026 13:05:56 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237426-mfa-financial-posts-loss-in-income</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Non-qualified mortgage performance improves in March; Deephaven expands guidelines for HELOCs.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237428</guid>
      <pubDate>Fri, 08 May 2026 13:04:58 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237428-news-briefs</link>
    </item>
    <item>
      <title>Investment-Property Loans Drive Up ECM MBS Issuance</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of expanded-credit MBS increased a hefty 40.6% during the first quarter of 2026, with investment-property mortgages making up a big chunk of the total. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237280</guid>
      <pubDate>Fri, 24 Apr 2026 12:50:19 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237280-refis-ipls-drive-up-ecm-mbs-issuance</link>
    </item>
    <item>
      <title>Annaly Sees Strong Returns From Non-Agency Conduit</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The real estate investment trust’s residential credit business was the most profitable during the first quarter of 2026. The company has sharply increased its investments in the segment.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237297</guid>
      <pubDate>Fri, 24 Apr 2026 12:48:19 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237297-annaly-generates-profit-focuses-on-residential-credit</link>
    </item>
    <item>
      <title>Newfi Originates Loans in Morgan Stanley Non-Agency MBS</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Newfi Lending contributed 100% of collateral to a non-agency mortgage-backed security that started marketing this month.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237264</guid>
      <pubDate>Fri, 24 Apr 2026 12:46:21 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237264-newfi-originates-loans-in-morgan-stanley-non-agency-mbs</link>
    </item>
    <item>
      <title>AD Mortgage Non-Agency Business Expands Geographically</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[AD Mortgage’s acquisition a year ago of Flagstar Bank’s third-party originator platform has helped expand its geographic reach.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237284</guid>
      <pubDate>Fri, 24 Apr 2026 12:45:23 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237284-ad-mortgages-non-agency-business-expands-geographically</link>
    </item>
    <item>
      <title>Product Diversification Key in Non-Agency Lending</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[To thrive in the non-agency space, many lenders point to diversification, particularly in home equity products.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237299</guid>
      <pubDate>Fri, 24 Apr 2026 12:44:24 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237299-non-agency-players-leaning-on-equity-products</link>
    </item>
    <item>
      <title>Maine Enacts HEI Law; Litigation in Colorado</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Maine’s governor signed a comprehensive home equity agreement bill last week. The products remain under litigation in other states.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237197</guid>
      <pubDate>Fri, 24 Apr 2026 12:43:31 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237197-hei-products-under-spotlight-as-litigation-regulation-continues</link>
    </item>
    <item>
      <title>More Lenders Offering Mortgages for Medical Professionals</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Newrez and Associated Healthcare Credit Union this month launched new mortgage products for medical professionals.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237278</guid>
      <pubDate>Fri, 24 Apr 2026 12:42:33 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237278-more-lenders-expand-into-mortgages-for-medical-professionals</link>
    </item>
    <item>
      <title>News Briefs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Splitero joins the Coalition for Home Equity Partnership board; American Association of Private Lenders implements background checks for incoming members.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237300</guid>
      <pubDate>Fri, 24 Apr 2026 12:41:38 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237300-news-briefs</link>
    </item>
    <item>
      <title>Non-Agency MBS Issuance Heads Higher in First Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of non-agency MBS backed by newly originated mortgages increased by 34.2% on a quarterly basis in the first quarter of 2026. (Includes data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237153</guid>
      <pubDate>Fri, 10 Apr 2026 13:13:19 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237153-non-agency-mbs-issuance-heads-higher-in-first-quarter</link>
    </item>
    <item>
      <title>Non-QM Performance Worsens in February</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The impairment rate on non-qualified mortgages increased by 51 basis points in February, driven by a mix of higher new impairments and further deterioration in cure and made-payment rates, according to dv01.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237168</guid>
      <pubDate>Fri, 10 Apr 2026 13:12:20 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237168-non-qm-performance-worsens-in-february</link>
    </item>
    <item>
      <title>Non-QM Borrowers Weather Home Price Depreciation</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Weakness in the housing market last year did not materially impact non-qualified mortgage delinquency rates, according to research by Goldman Sachs.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237142</guid>
      <pubDate>Fri, 10 Apr 2026 13:11:21 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237142-non-qm-delinquencies-are-unaffected-by-home-price-depreciation</link>
    </item>
    <item>
      <title>Mixed Trends in GSE Noncore Activity in First Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Conforming jumbo mortgage volume delivered into Fannie Mae and Freddie Mac MBS fell on a quarterly basis in the first quarter, but activity was up for investment-property and second-home mortgages. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237140</guid>
      <pubDate>Fri, 10 Apr 2026 13:10:23 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237140-mixed-trends-in-gse-noncore-activity-in-1q</link>
    </item>
    <item>
      <title>Multiple Methods Available to Hedge Non-QMs</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[With growing demand for non-qualified mortgage production, Eris Innovations outlined four methods to hedge non-QMs.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237172</guid>
      <pubDate>Fri, 10 Apr 2026 13:09:26 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237172-eris-pushing-methods-to-hedge-non-qm</link>
    </item>
    <item>
      <title>Beeline’s Income Drops in Fourth Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The non-agency lender incurred an $8.4 million loss for the fourth quarter. Still, officials pointed to better days ahead.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237155</guid>
      <pubDate>Fri, 10 Apr 2026 13:08:28 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237155-beelines-income-drops-in-fourth-quarter</link>
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