Velocity Financial's income increased by 37.1% in the fourth quarter, while loan production declined by 14.1% from the third quarter.

Only two securitizations of home equity loans have hit the market thus far in March.

UWM is projecting revenue of between $800 million and $900 million for the first quarter of 2025, rather than the forecast of between $650 million and $850 million in revenue offered less than two weeks earlier.

Typically, the loans in jumbo MBS from Redwood are fixed-rate mortgages.

Dallin Merrill, head of policy at the Structured Finance Association, said some larger investors can increase their investments in 144A transactions, but smaller investors still struggle.

Chase acquired the closed-end second liens from Capital One Financial, which acquired Discover Financial Services in May 2025.

United Wholesale Mortgage is offering a 75-basis-point pricing incentive for certain conventional and government-insured refinances through March, as well as a $600 appraisal credit for purchase mortgages through April.

Securitization volume of home equity loans increased by 5.8% on a sequential basis to $10.62 billion in the fourth quarter of 2025.

MorVest Capital is brokering the sale of agency mortgage servicing rights with an unpaid principal balance of $2.41 billion.

Bank and thrift holdings of ARMs increased from the end of September to the end of December.