Nonprime servicing portfolios increased by 1.7% in the third quarter and 7.5% year-over-year. Only three of the top-10 players in the sector saw volumes decline from the second to the third quarter. (Includes data chart.

The partnership will allow CrossCountry Mortgage to grow its non-qualified mortgage originations. Terms of the deal weren’t disclosed.

The adjustable-rate mortgage share of total production increased slightly in the third quarter, even though originations of the product drastically declined. (Includes data chart.)

There are still areas in the country where the jumbo market can grow, according to industry analysts. The only concern is if home prices fall as drastically in 2023 as some economists are predicting.

The La Jolla, CA-based bank said the decision was based on the current macro environment in the residential lending space.

Invictus rolls out $755.6 million non-QM securitization; Angel Oak Mortgage responds to rumors; Carrington Mortgage Services launches second-lien product.

Distributed Solar Development plans to issue its first securitization, which is backed by commercial and industrial photovoltaic systems and related customer agreements.

The appeals court had temporarily dismissed class-action claims that PNC Bank made unauthorized withdrawals from a borrower's deposit accounts to cover payments on a home equity line of credit.

Sen. Sherrod Brown of Ohio is demanding an investigation into servicers' handling of long-dormant second mortgages.

The Structured Finance Association lauded the SEC’s decision...