Nonbanks drive agency ARM increase as borrower leverage grows
Adjustable-rate mortgages (ARMs) remain a minority of total agency originations, but they have reemerged in 2026. This time, independent mortgage banks (IMBs) and more leveraged borrowers are driving a rise in market share, according to Polygon Research. The analysis, updated Monday by Polygon founder and CEO Val Buresch, found that ARMs rose to 3.34% of […]
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