Both the correspondent and broker channels picked up some market share from the retail channel in the third quarter of 2025. At Chase, the largest nonconforming retail lender among a group of 38 lenders, retail volume was up 1.6% during the third quarter. (Includes two data tables.)

A push by the Securities and Exchange Commission to revise disclosure standards for publicly-registered non-agency MBS has broad support.

Some 36.5% of the mortgages in a new $365.0 million non-agency MBS from Citi have private mortgage insurance and were eligible for delivery to Fannie Mae and Freddie Mac.