Easy Street Capital launches new portal; non-qualified mortgage impairments rose in July; Friday Harbor expands AI pre-underwriting to bank statement and jumbo loans; Carrington Mortgage Services tweaks its non-QM program.

Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.

Freddie saw a big increase in Supers issuance in the second quarter, while Fannie production was flat. Fannie, however, was the only agency with an increase in REMIC/CMO production. (Includes two data tables.)

The agency is working on a project to track issuers’ final certifications as the latest stage of its loan-level transformation initiative.

The proposal would add two new provisions regarding ABS qualification under the NAIC’s principles-based bond definition.

Industry observers don’t expect the move to prompt major declines in interest rates this year.

The Zip transaction is the first buy now, pay later securitization rated by Fitch Ratings.

Banks and thrifts handled servicing on $2.790 trillion of mortgages for other investors at the end of June, down $2.38 billion from March.

The deal is expected to increase Velocity’s origination volume by more than 75% and add almost 40% to its servicing portfolio.