With stricter condo lending requirements at the government-sponsored enterprises, more projects may be considered non-warrantable, pushing more business to the non-agency side of the market.

The $3.2 billion all-cash transaction is expected to close in the fourth quarter.

The volume of jumbo mortgages handled by 30 major servicers increased by 1.1% from the end of March to the end of June. (Includes data table.)

Figure Technology Solutions is on track to close the Kiavi acquisition in the second half of 2026 and plans to use its technology to develop standardization for the residential transition loan space.

The judge rejected three arguments by the company to pause a lawsuit regarding Unison’s home equity investment practices.

While asset-depletion loans were an afterthought for almost every non-QM lender two years ago, now almost all of them are adding the product.

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.