A recent appeals court decision against an out-of-state lender may prevent future loan modifications in California for loans with interest rates above 10%.

Better joins a number of other nonbanks offering home equity loans as traditional refinance business is slow.

New jumbo, expanded-credit and home equity loan securitizations were announced over the last two weeks. The largest offerings are two jumbo MBS from JPMorgan Chase.

The fix-and-flip lender believes its new construction loan product will help increase housing inventory and create more affordable housing.

CMS launches ITIN product; Liberty Home Mortgage to start using FICO Score 10 T for nonconforming loans.

Both the prime jumbo non-agency MBS market and the expanded-credit sector posted sequential increases in issuance in the first quarter. (Includes data tables.)

Credit standards for jumbo mortgages loosened in March. The changes came as home prices continue to increase.

Verus Mortgage Capital has grown its non-agency MBS issuance as more investors show interest in the expanded-credit mortgage market.

Noncore products going into GSE securitizations saw less drop off than core products in the first quarter. (Includes data table.)

Rithm Capital closed a $500.0 million MBS backed by rated residential transition loans through its Genesis Capital shelf. The deal is the second RTL securitization to receive a rating from Morningstar DBRS.