Roughly $1.6 billion in advances were attached to the portfolio.

Jumbo lending held up relatively well in 2022 as interest rates increased. That trend ended in the first quarter of 2023.

Foreclosure filings increased in May.

Limited prepayment activity it helping to prop up jumbo servicing portfolios.

The former non-QM lender settled four class actions brought by former employees.

Gig economy income can help potential borrowers qualify for a mortgage, with some complications.

Figure Lending's newest MBS will include recently originated first- and junior-lien home equity lines of credit with an unpaid principal balance of $205.4 million.

In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.

The top three expanded-credit volume leaders in 1Q23: Citibank, U.S. Bank and Deephaven...

“MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.