Mortgage origination revenue at FICO more than doubled in the fourth quarter of 2023 compared with the fourth quarter of 2022.

CrossCountry Mortgage will be the first MBS issuer to exclusively use the new FICO 10-T credit scoring model.

The surge in securitization is driven by nonbanks that have boosted home equity lending as refinance business dried up in 2023.

At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are reformulating their Social Index to make it more attractive to investors while still protecting the privacy of borrowers.

The securitization is the first issuance of 2024 through the Chase Home Lending Mortgage Trust shelf.

Purchase-mortgage applications increased even as interest rates inched up.

Change Lending, Arc Home, Caliber Funding and NewRez had zero expanded-credit loans securitized in the fourth quarter.

AGNC Investment generated $412 million in net income in the fourth quarter.

FINRA has proposed reducing the reporting timeframe for MBS and ABS trades to one minute.

Just 0.23% of mortgages were in forbearance as of the end of 2023.