A couple of lenders of home equity line of credit products expanded their offerings in July, capitalizing on momentum in one of the few market segments with a bright outlook in the near-term.

The strategies Fannie Mae and Freddie Mac use to manage their retained mortgage portfolios appeared to converge in the second quarter. (Includes data table.)

Performance among borrowers with higher loan-to-value ratios has continued to weaken relative to higher-credit-quality auto loan borrowers, and loss severity has increased.

Kroll Bond Rating Agency projects that issuance involving residential transition loans will decline by 12% on an annual basis this year, continuing the sector’s uneven yearly output.

Urban Institute researchers believe credit score gaming by lenders will raise scores for 44% of borrowers. Officials at FICO claim shopping appears to be occurring now that the GSEs accept VantageScore.

The $1.65 billion in financing from Oaktree and the Ishbia family was via preferred equity. United Wholesale Mortgage’s equity declined with a loss in the second quarter tied to its failed acquisition of Two Harbors.

The proposal would retain much of the 1995 regulatory framework while making changes to asset size thresholds and narrowing the range of retail banking services subject to CRA standards.

The non-QM space has seen rapid growth, with more lenders entering the market and a growing cohort of self-employed borrowers.

New business grew at both enterprises despite an across-the-board decrease in refinance loan acquisitions.

Annaly Capital Management nearly tripled its profit from the first to the second quarter as it leaned into its residential credit business.