A record number of homeowners are turning to HELOCs to perform renovations on their properties or paydown credit card debt.

For years, banks have been dominant players in the non-agency jumbo space. One strategy: Originate a loan, place it in portfolio and earn a spread. But thanks to rising rates and increased regulatory scrutiny, the economics aren’t as attractive.

Amid a housing supply crunch, investors are finding it more profitable to focus on rental properties instead of fix-and-flip homes.

For the third consecutive month, mortgage credit availability declined, with some products reaching their lowest levels in a decade. It’s only expected to get worse as lenders worry about the economy.

Pushback of proposed certification requirements and a vacant leadership role have led to a year-long blackout on new CDFI applications.

Lenders that focus on non-qualified mortgages are expanding the credit box to reach more borrowers.

Chase’s top officials shed light this week on how First Republic Bank’s high-quality mortgage assets and affluent borrowers fit right into the megabank’s wheelhouse.

Banks are reducing their appetite for new mortgage originations, particularly among non-agency products. Nonbanks see an opportunity to take some market share.

Lenders that focus on non-agency business-purpose lending are seeing success while traditional mortgage lenders struggle.

First Republic Bank has set its sights on cleaning up its balance sheet and originating loans for sale to the secondary market, which may be easier said than done.