The move will allow Redwood to shed some onerous requirements that apply to real estate investment trusts.

Aven launches tool to reduce mortgage processing time; non-qualified mortgage impairments up 24 basis points in September; Onity Mortgage updates FlexIQ non-agency guidelines.

More GSE loans are being delivered with VantageScores, but most of them were priced based on their Classic FICO score in October. (Includes two data tables.)

More MBS in the retained mortgage portfolios of the GSEs boosts net interest income, but adds to their capital costs and duration risk. (Includes data table.)

Major issuers of expanded-credit MBS branched out to source loans with recent issuance.

The residential transition loan market hasn’t wavered as interest rates increase. Vontive is offering its first rated deal.

Commercial MBS investors organized by SFA shared a set of proposals that aim to increase transparency, address reporting challenges and minimize informational asymmetry.

Rocket and Chase both reduced their portfolios of owned MSRs and primary servicing. United Wholesale Mortgage and Pennymac are also in the process of selling large chunks of servicing. (Includes three data tables.)

Interest rates are down from a peak in mid-October but aren’t expected to get to a level where refis can flow. With plenty of home equity outstanding, production of home equity loans could continue rising.

The lawsuit argues that the bureau’s amendments to Regulation B upend years of regulatory implementation of the Equal Credit Opportunity Act. The CFPB defended its changes.