“30+ day impairments soared 51 basis points month-over-month in February, marking the largest monthly increase outside of COVID and Sunday month-end effects,” according to dv01.

The lender took an $8.4 million loss in the fourth quarter of 2025, more than double the loss it posted in the previous quarter.

The share of first-lien originations that were adjustable-rate loans increased by 320 basis points in 2025, according to a recent Inside Nonconforming Markets ranking and analysis.