Investors are looking for consistency from non-QM lenders as concerns about expanding credit boxes mount.

Delinquencies on non-qualified mortgages have increased, but lenders say the performance of the loans should hold up in the long run.

Originations of jumbo mortgages increased by 50% on an annual basis in the first quarter of 2026. The bulk of the volume is in non-agency jumbos, with the conforming jumbo sector also holding up. (Includes three data tables.)