Carrington Mortgage Services said one of the changes included lowering the eligibility threshold for an alternative-documentation borrower to a FICO score of 550.

Industry experts suggest that mortgage lenders educate themselves on fraud red flags and ensure proper safety procedures are in place.

Mbanc started a private client lending platform to fill an overlooked part of the non-QM market.

The trade group envisions a modern records retrieval system that eliminates the need to move the loan documents associated with mortgages that collateralize both agency MBS and non-agency MBS.

Despite a presidential directive to buy more MBS, the GSEs’ combined MBS holdings have declined for three straight months.

The trade group is concerned about a theory presented by plaintiffs that would make a directed institutional trustee liable for distribution and reserve decisions assigned by the governing instrument to others.

The Credit Union Investment Authority Act, introduced in the House last month, would allow credit unions to invest in ABS.

The agency likened the new deduction to interest deductions for mortgages while declining a request for additional information.

A conservative think-tank economist argues that the Fed should reduce its MBS holdings to support a more affordable housing market.

Rocket is offering a permanent 60-bp pricing incentive for agency loans and a broker referral bonus, while UWM extended a 90-bp pricing incentive and removed LLPAs on conforming jumbos.