Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.

A&D announces new pricing tiers for DSCR loans; REMN Wholesale announces June pricing special; Acra has record-breaking May; Champions hires new VP of underwriting.

Originations of jumbo mortgages declined in the first three months of the year driven by a retreat among banks. Nonbank lenders picked up some of the slack. (Includes data table.)

Freddie Mac’s proposal to acquire closed-end second liens is unnecessary because there are adequate options available in the non-agency market, according to a number of trade groups.

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.