Adjustable-rate mortgages are gaining popularity as interest rates rise. And bank lenders have an edge over nonbanks.

Though similar in borrower base, securitized closed-end second liens perform much better than home equity lines of credit.

Select Portfolio Servicing received a rating affirmation for its non-agency servicing while Wells Fargo received a downgrade.

Total impairments for securitized non-qualified mortgages rose by 14 basis points from July to August.

Mortgage Capital Trading offering non-agency pricing; First American offering title product for home equity loans; Beeline to launch HEI offerings; Hometap expands to six additional states; June Point Lending open in California; Easy Street Capital brings RTL servicing in-house.

In a high-rate environment, debt service coverage ratios determine the size of an agency refinance. Those loans may not be large enough to cover the inflation-driven debt of many multifamily properties.

Ginnie Mae has issued a flurry of program updates over the past few months, making public the work that was going on behind the scenes during a quieter period last year.

Glenn Agre Bergman & Fuentes added four attorneys to its structured financial products litigation practice this year.

Some industry attorneys are skeptical whether mortgages can be fully AI originated, while still meeting compliance obligations.

The sharp decline in home price appreciation makes it possible that lenders’ early-bird loan limits for 2027 will come in above the 2026 conforming loan limits.