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.)

Market volatility and oil price shocks tied to the conflict in the Middle East are driving up interest rates on non-agency mortgages.

After rapid growth in 2025, Newfi Lending is looking to acquire lenders and establish partnerships.

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.)

Originations of residential transition loans saw little growth at the start of this year, while debt service coverage ratio loan volume increased.

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%.

With originations of shared equity products increasing, additional regulations and transparency are needed to protect homeowners, according to analysts at the Urban Institute.

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.

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.

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.