Non-agency jumbos and expanded-credit mortgages gained market share in the second quarter of 2025. Originations of jumbos increased by nearly 60% from the first quarter. (Includes two data tables.)

Federal Reserve Governor Lisa Cook, in a lawsuit challenging her termination by Trump, argued that the president’s action would shatter the independence provided to the Fed.

PennyMac Loan Services accounted for 40.8% of the planned $356.1 million issuance, followed by Rocket Mortgage with a 32.8% share and Newrez with a 24.2% share.

Crestline Management is based in Forth Worth, TX, and has $17.0 billion of assets under management.

Stephen Miran, President Trump’s nominee to fill a vacant governor position at the Federal Reserve, said he intends to preserve the Fed’s independence if confirmed for the position.

Expanded-credit MBS marketing had paused after Aug. 22.

The bank projected that it will take more than four years to recover the $9.3 million loss tied to the sale of the MBS.

Demand for purchase mortgages declined last week even as interest rates on mortgages moved down.

The national emergency declaration would allow the administration to use extraordinary powers to address high home prices and limited housing supply.

Voxtur Analytics has faced financial difficulties in the past year and was late filing earnings for the second quarter of 2025.