Nonbank lenders are offering new HELOC options for homeowners who are self-employed or are looking to tap equity in their investor and second-home properties.
A total of 11 new MBS hit the market in the past two weeks. Chase accounted for four of the deals, with two jumbo offerings, an investment property loan securitization in partnership with Visio-Beach Point Mortgage Trust and a securitization of closed-end second liens.
Increased jumbo production from UWM helped boost broker originations, while Wells Fargo’s exit from correspondent lending hurt that channel’s market share as other lenders didn’t pick up the slack. (Includes data table.)
Ellington Financial, MFA Financial and AG Mortgage Investment Trust boosted net income in the fourth quarter and expect to see strong performance this year.