The Homebuyers Privacy Protection Act has bipartisan support in the House. The bill, like its companion bill in the Senate, would amend the Fair Credit Reporting Act to prohibit the sale of consumers’ information without their approval.

With the spring homebuying season just around the corner, lenders may want to staff up...

Executives at Kind Lending and Paramount Residential Mortgage Group said lenders need to boost staffing levels to be prepared for increased originations this year.

ARMs accounted for less than 1% of prime non-agency MBS issuance in 2023.

Annaly Capital Management is preparing to issue a rare non-agency MBS stocked solely with bank-originated adjustable-rate mortgages. Loans in the MBS were originated by Associated Bank.

Lendbuzz, which focuses on an artificial intelligence-powered platform to underwrite auto loans, closed a AAA-rated $218.7 million ABS.

UWM has sued Atlantic Trust Mortgage for allegedly breaking a contract term that barred it from originating loans with Rocket Mortgage.

“Regional banks would usually balance sheet a lot of [non-QM] borrowers, but they’re contracting due to their risk exposure,” said Samuel Bjelac, the new senior vice president, national sales, third-party originations, at Carrington Mortgage Services.

Prime non-agency MBS issuance increased by 4.3% on a sequential basis in the fourth quarter though for the full year volume was down 64.1%.

A $576.1 million MBS backed by GSE-eligible jumbo mortgages from CalCon Mutual Mortgage helped drive a slight increase in prime non-agency mortgage-backed security issuance in the fourth quarter. (Includes three data tables.)