Conforming jumbo mortgage volume delivered into Fannie Mae and Freddie Mac MBS fell on a quarterly basis in the first quarter, but activity was up for investment-property and second-home mortgages. (Includes data table.)
Onslow Bay Financial turns to MeridianLink Mortgage for loan origination system; Finance of America launches second-lien reverse-mortgage line of credit.
In the month since announcing its partnership with Tradeweb, Maxex has seen growth in its digital exchange platform. The company also made updates to its non-QM Select 5 program.
If originators moving into the non-agency space are not careful with product types unfamiliar to them, there can be risk and operational ramifications downstream.