Prime non-agency MBS issuance increased by 4.3% on a sequential basis in the fourth quarter though for the full year volume was down 64.1%.

The impairment rate on securitized non-QMs increased by more than 100 basis points between August and December.

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.

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.