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

Carrington Mortgage non-QM expert returns; Bilt Rewards to offer mortgage payment rewards following funding round; Colonial Savings to launch new mortgage servicing ecosystem; TD Bank announces community impact plan to target LMI and minority borrowers.

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

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.

It's only the second jumbo MBS in the market thus far in January.

Applications for purchase mortgages in early January were down 20% on an annual basis.

Volume was down on an annual basis across prime, subprime, Alt A and scratch-and-dent deals.

The $455.6 million securitization of closed-end second liens is the largest securitization of newly-originated closed-end second liens seen in recent years.

Verus Mortgage Capital, already the top issuer of expanded-credit MBS, is planning to issue a $701.6 million deal, marking the largest issuance from the affiliate of Invictus Capital Partners in more than a year.