The deal will help support the development of 1,500 units of senior housing in Arizona, more than half of which will be affordable to renters with incomes lower than 50% of AMI.

A group of 22 insurers and reinsurance companies are now on the hook for $844.8 million in mortgage credit risk on $23.1 billion in single-family loans.

The brainchild of industry veteran Michael Strauss, Sprout is a top-10 ranked originator of non-QMs.

Among the lenders known to have suspended the underwriting requirement are PennyMac, AmeriHome and...

When poet T.S. Eliot wrote those immortal words about spring, he wasn’t thinking about the home-finance sector. But company headcounts are being reduced as shops plan for leaner days ahead.

JPM valued its $575.4 billion of TPO servicing at 127 bps at March 31, a mouth-watering increase of 19.8% from yearend...

Some $920.73 billion of mortgages originated during 2021 were sold to unaffiliated non-agency buyers during the year, a 19.6% increase compared with 2020. Guaranteed Rate was the top correspondent seller. (Includes data chart.)

The two biggest asset classes in the ABS market – vehicles and business finance — accounted for most of the first-quarter surge.

University of Maryland professor Clifford Rossi says Fannie Mae and Freddie Mac are discussing ways to proactively deal with risks of climate change.

Mortgage industry stakeholders underscore how alternative data could help ensure equitable credit provision. Machine learning is key to identifying how alt data affects credit but also carries possible additional biases, they said.