Non-Agency MBS Sectors Hit Post-Crisis Highs for Issuance in 2025

Inside Mortgage Finance, Jan. 20, 2026-John Bancroft
Several sectors of the non-agency mortgage-backed security market hit the highest levels seen in years, according to a new ranking and analysis by Inside MBS & ABS of issuance in 2025. The biggest gain was in the expanded-credit mortgage sector, where new issuance jumped 74.5% from 2024 to $78.24 billion last year.
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