Redwood Trust posted another quarter of losses in the second quarter tied to its efforts to wind down legacy assets, including multifamily bridge loans investments.
Pennymac Mortgage Investment Trust has seen success in its private-label securitization program causing it to stop acquiring agency-eligible, conventional-conforming loans through correspondent production.
Gershman Mortgage launches HELOC product; HighTechLending enhanced HELOC offering; Truss Financial Group launches a debt service coverage ratio HELOC; Movement Mortgage launches ITIN product.
The trade group said the planned relocation raises doubts about whether sufficient Rural Housing Service staff will stay on to implement the delegated underwriting authority pilot program.
Agency MBS fundamentals have been supported by a combination of elevated mortgage rates, limited refinancing incentives, constrained housing turnover and low net supply.