Nonprime servicing portfolios increased by 1.7% in the third quarter and 7.5% year-over-year. Only three of the top-10 players in the sector saw volumes decline from the second to the third quarter. (Includes data chart.

The partnership will allow CrossCountry Mortgage to grow its non-qualified mortgage originations. Terms of the deal weren’t disclosed.

The adjustable-rate mortgage share of total production increased slightly in the third quarter, even though originations of the product drastically declined. (Includes data chart.)

There are still areas in the country where the jumbo market can grow, according to industry analysts. The only concern is if home prices fall as drastically in 2023 as some economists are predicting.

The La Jolla, CA-based bank said the decision was based on the current macro environment in the residential lending space.

Invictus rolls out $755.6 million non-QM securitization; Angel Oak Mortgage responds to rumors; Carrington Mortgage Services launches second-lien product.

Commissioner Julia Gordon said FHA is considering all the potential pieces of a mortgage insurance premium cut, including the upfront premium and the life-of-loan requirements.

The Office of Inspector General says the Department of Housing and Urban Development could realize a $19 billion savings if it implemented them all.

The Mortgage Bankers Association and others in the mortgage lending and affordable housing communities commented on an FHA request for information on the challenges of small-balance mortgage lending.

The Department of Housing and Urban Development wants to increase lender participation in its Section 184 program to meet increased borrower demand for housing financing on tribal trust lands.