Core Insights - Polly's CEO Adam Carmel emphasizes gratitude and strategic evolution in a letter reflecting on 2025, highlighting the company's leadership in enterprise innovation and Generative AI, and calling for intentional innovation in 2026 [1] - eRESI reports significant growth in 2025, surpassing $16 billion in loan purchases and becoming the first major non-QM investor to integrate with Encompass Investor Connect, aiming to support lenders in capturing non-QM market share in 2026 [3] Non-QM and DSCR Insights - 52% of non-QM securitized loans are DSCR, with Asurity's Propel™ enabling lenders to generate complete DSCR loan packages quickly and compliantly, enhancing operational efficiency [2] - eRESI is committed to helping lenders succeed in the evolving housing landscape by providing support and strategic tools [3] Market Trends and Economic Indicators - The third-quarter GDP unexpectedly rose to 4.3%, driven by strong consumer spending, while inflation measures showed core PCE increasing to 2.9%, indicating ongoing price pressures [14] - Labor market indicators are mixed, with initial jobless claims falling to 214k but continuing claims rising to 1.92 million, and the unemployment rate increasing to 4.6%, the highest since the pandemic [16] Mortgage Market Updates - Freddie Mac's Primary Mortgage Market Survey indicates a slight decrease in the 30-year mortgage rate to 6.18%, while the 15-year rate rose to 5.50%, with both rates lower than a year ago [19] - The Chrisman Marketplace serves as a centralized hub for mortgage industry vendors, continuously adding new providers [4]