The model will help stakeholders predict prepayments on both their current portfolios and future purchases for both mortgage-backed securities and whole loans.

The NYDFS announces new benchmark to determine subprime threshold; fix-and-flip activity on the downtrend.

If lenders want to set themselves apart in an increasingly competitive purchase market, they will have to become experts in the non-QM space, according to officials at Deephaven Mortgage.

Nonprime servicing portfolios increased by 1.7% in the third quarter and 7.5% year-over-year. Only three of the top-10 players in the sector saw volumes decline from the second to the third quarter. (Includes data chart.

The partnership will allow CrossCountry Mortgage to grow its non-qualified mortgage originations. Terms of the deal weren’t disclosed.

The adjustable-rate mortgage share of total production increased slightly in the third quarter, even though originations of the product drastically declined. (Includes data chart.)

There are still areas in the country where the jumbo market can grow, according to industry analysts. The only concern is if home prices fall as drastically in 2023 as some economists are predicting.

The La Jolla, CA-based bank said the decision was based on the current macro environment in the residential lending space.

Invictus rolls out $755.6 million non-QM securitization; Angel Oak Mortgage responds to rumors; Carrington Mortgage Services launches second-lien product.

Despite a drop in jumbo originations, servicing portfolios at many shops increased during the third quarter. Top-ranked Wells Fargo saw its jumbo servicing portfolio go up by less than 1%, while second-ranked Chase did slightly better at 2.6%. (Includes data chart.)