Rejection rates on jumbo mortgage applications increased last year even as application volume declined. (Includes data table.)

The deal includes a mix of second liens underwritten to bank statements and full documentation.

Lenders and tech vendors believe AI can be used to help qualify more nontraditional borrowers in the non-QM space.

Despite slight declines in portfolios among the top jumbo servicers, servicing volume for the jumbo market stayed relatively flat from the fourth to the first quarter. (Includes data table.)

EasyKnock, a New York-based home equity solutions platform, this month acquired HomePace, a Park City, UT-based provider of home equity investments.

Morningstar has positive outlook for Acra; PRMG adopts FICO Score 10 T for non-QM underwriting; SG Capital Partners updates guidelines.

The securitization market is favorable for non-agency mortgages, aggregators and originators noted during first-quarter earnings calls.

The real estate investment trust reported a jump in net income for the first quarter, helped by a rise in lending partnerships with banks.

New York Mortgage Trust acquired $302.0 million of business-purpose loans in the first quarter, a 30% increase from the prior period.

The company continues to offload older non-qualified mortgages, helping to increase the weighted-average coupon on its loan portfolio.