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.)

Issuance in the first nine months of this year already surpassed the volume seen in all of 2024. Expanded-credit loans are leading the charge. (Includes data tables.)

Issuance of non-agency mortgage-backed securities reached $29.56 billion in the second quarter, up 17.3% from the previous quarter. (Includes data tables.)