#nonbank-lenders

#nonbank-lenders

Hugh Frater brings experience spanning mortgage-backed securities, agency finance, and commercial real estate lending at a time when nonbank lenders are racing to modernize underwriting and secondary market execution with automation and AI.

Picking up another 20%+ total return next year will likely hinge on valuation improvement for most stocks (especially the mortgage REITs), however we're optimistic there could be some earnings torque in the servicers as a function of AI-driven workflow helping trim expenses, which we think is only partly reflected in valuations, he added. BTIG covers 20 companies in the mortgage sector. As a group, they are expected to originate $750 billion in 2026, representing a 12% year-over-year increase.

The CFPB has decided to pause its proposed rule that would require nonbank entities to report enforcement actions, focusing instead on pressing consumer threats.