Western Alliance Bank and Zions Bancorp disclosed write-offs linked to misrepresentations of collateral backing commercial mortgages. Similar troubles appear unlikely to occur with residential mortgages.

Better Home & Finance launched a wholesale lending platform for second liens.

Fitch Ratings revised its rating outlook for Select Portfolio Servicing from negative to stable, citing a new owner for the nonprime servicer and other factors.

A growing number of investors are asking loan sellers to complete pre-close eligibility for non-agency mortgages, according to the third-party review firm.

Angel Oak Mortgage Solutions launched new adjustable-rate mortgage products last week.

The $274.5 million issuance of residential transition loans was oversubscribed nearly five times.

The platform facilitates originations and sales of debt service coverage ratio mortgages.

The California-based lender is now offering DSCR mortgages in 40 states.

LoanLogics offering non-QM bank statement analysis; PHH revamps non-QM offerings; Visio increasing production.

While most of the top Ginnie Mae servicers reported single-digit portfolio increases in the second quarter, United Wholesale Mortgage’s Ginnie servicing volume increased a whopping 87.8% year over year. (Includes three data tables.)