B of A: Agency MBS issuances to decline by 16% in 2027
Persistently high mortgage rates will shrink securitization volume by dampening home sales and pushing more buyers toward all-cash purchases.
LOAN PRODUCTS
Lenders tighten credit as rate hikes shrink refi market
Among the products disappearing from menus in September included those for cash-out refis and investor home purchases, the Mortgage Bankers Association said.
Rocket starts higher conforming limit marketing push
Rocket jumps first to raise 2027 conforming loan limits to $845,000, with Rate and CrossCountry matching; UWM's move still pending marking an early signal of IMB competitive positioning.
Carrington expands non-QM guidelines, citing sector growth
The product expansion comes at a time when not just non-agency issuance is expected to have a record year, but other lenders are getting into wholesale.
Proprietary reverse loans overtake HECMs for 54% market share
Lenders reported July declines of HECM endorsements and new securities issuances, but proprietary lending drove a 28% year-over-year surge in originations.
Aging-in-place trend props up proprietary reverse surge
Equity levels grew to start 2026 after pulling back to end last year, as older homeowners increasingly say they prefer to remain in place rather than downsize.
Rocket, Fannie and Freddie downgraded to neutral by BTIG
Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
Americans pull $47 billion in equity from their homes in 1Q
Approximately 54% of homeowners looked to a second lien product to access their home's stored value in the first quarter due to the "lock-in effect."
The non-agency market is bigger than you think
Lenders at the MBA conference say non-agency is more than just non-QM — and those still treating it as a niche product are falling behind as it becomes a core part of the business.
Mortgage credit availability drops for first time this year
The Mortgage Bankers Association's Mortgage Credit Availability Index declined 0.4% to 107.9 in April after reaching a three-year high in March.
UWM posts strong Q1 in the midst of Two Harbors battle
The company turned a GAAP profit of $170.4 million for the quarter, with its volume and margins relatively flat compared with the fourth quarter of 2025.
PennyMac 1Q profit falls as servicing drags on results
PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses.
HECMs lose ground to proprietary reverse products
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
Maine introduces bill to ‘effectively ban’ HEI contracts
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
Mortgage credit hits three-year high entering spring market
The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.
LoanDepot adds wholesale production 3 years after exit
The company dropped the broker channel just months after Frank Martell became CEO; now that Anthony Hsieh is running things again, LoanDepot brought it back.
Newrez announces plan for crypto in originations
Cryptocurrency development in the mortgage industry has accelerated in no small part from easing regulation and a push from FHFA Director Bill Pulte.
Mortgage credit slips from peak as conforming products retreat
Across-the-board decreases across all loan types drove the Mortgage Bankers Association's full credit availability index to its lowest in three months.
Private-label RMBS set for biggest year since crisis
A rise in issuance of nonqualified mortgages and seconds is in the forecast but home prices, credit and the GSEs may impact private-label bonds' trajectory.
Why 2026 could be the mortgage industry’s reset year
Our experts expect a mortgage market reset in 2026 with an uptick in originations, but warn lenders not to skimp on compliance even as the reins loosen.
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