Easy Street Capital launches new portal; non-qualified mortgage impairments rose in July; Friday Harbor expands AI pre-underwriting to bank statement and jumbo loans; Carrington Mortgage Services tweaks its non-QM program.
JPMorgan Chase was the only servicer among the top five that handled new servicing on non-agency mortgage-backed securities to post a quarterly increase during the second quarter. (Includes data table.)
Securitization of mortgages for investment properties at the government-sponsored enterprises declined while conforming jumbo business increased. (Includes data table.)
A former Morgan Stanley employee has claimed the bank systemically pressures its staff to approve mortgages for wealthy clients, even when they don’t qualify.