A recent victory in court for Sharestates could lead to increased originator protections in the business purpose lending market.

Select Portfolio Servicing remained the largest nonprime mortgage servicer at the end of 2023. Delinquencies in the sector are climbing. (Includes data table.)

Top servicers’ jumbo portfolios declined from the third to the fourth quarter of 2023. But from a year ago, servicing volumes were up. (Includes data table.)

Delinquencies on non-qualified mortgages spiked in November, adding to a “worrying” trend, according to dv01.

NQM Funding updates DSCR product requirements; Truss Financial Group debuts no tax return HELOC product; Academy Mortgage launches DSCR offering; Angel Oak issues non-agency MBS that leverages blockchain technology.

A group of 20 servicers tracked in our rankings increased total nonprime servicing volumes by 11.1% on an annual basis as of the end of September. (Includes data table.)

Chase remained the top servicer of jumbo mortgages in the third quarter of this year, followed by Wells Fargo. (Includes data table.)

Shellpoint Mortgage Servicing handled servicing duties on $3.65 billion of non-agency MBS issued in the third quarter. (Includes data table.)

Officials at FCI Lender Servicing believe financial institutions will be required to use blockchain within five to 10 years given the transparency it offers.

Select Portfolio Servicing continued to dominate the sector in the second quarter. (Includes data chart.)