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

Lenders are entering cost-cutting mode and looking to leverage new technologies to lower overhead while streamlining operations.

Non-qualified mortgage lenders are increasingly opting for whole-loan sales given the demand from insurance companies, among others.

A court ruling in California may have far-reaching consequences for the way non-agency MBS clean-up call prices are calculated.

Shellpoint handled servicing on $3.10 billion in non-agency MBS issued in the second quarter of this year, a 33.2% decline from the previous quarter.

Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.

While curtailing lending can help banks conserve capital, Moody’s Investors Service warned that the strategy could backfire.

Among the top 10 contributors to such securities, just one was a federally insured depository: PrimeLending.

United Wholesale Mortgage accounted for a large portion of the prime non-agency MBS issued in the second quarter. Overall, issuance remained subdued. (Includes three data charts.)

MFA Financial reported a loss in the second quarter of 2023 even though the REIT saw strong growth in business-purpose lending.