Ratings for securitizations of residential transition loans are in the works following the issuance of a handful of unrated deals.

Rate lock volume continues to tumble in 2023, with the biggest declines coming from locks on rate-term refinance loans.

Brett McCracken, a principal at Stratmor, believes the best uses for AI in the near term are ones that take monotonous tasks off the plates of real people.

If mortgage providers struggle to meet covenant terms, warehouse banks advise early and honest communication before any violations occur.

Artificial intelligence can cut down on “stare and compare” tasks. But mortgage originations are so complex, and anxiety-provoking for borrowers, that humans are essential.

Warehouse bankers advise lenders to stay in contact with their funders as the market deals with low inventory and volatile interest rates.

Non-agency MBS participants have been working with an outdated data set.

The denial rate on applications for jumbo mortgages was 11.9% in 2022.

First Republic Bank — now the property of JPMorgan Chase — was the top originator of ARMs in 1Q23...

In M&A news, Ellington Financial has agreed to buy Great Ajax in all-stock deal.