Financial services company Charles Schwab is expanding a program that offers discounted mortgage rates in a bid to draw more high-net-worth clients.

The Mortgage Calculator is leveraging multimedia and an in-house technology team to be as transparent as possible with its broker partners.

Lenders are launching or expanding programs for foreign nationals, borrowers with credit events and short-term rentals.

A lack of inventory and rising interest rates are driving a slowdown in availability of rental units. And investors are reassessing their portfolios.

New non-QM MBS; Figure gains new private label partners; CFPB weighs in on TILA case; Guaranteed Rate takes full ownership of relocation mortgage specialist; AG Mortgage Investment Trust bids on Western Asset Mortgage Capital; A&D improves second-loan pricing.

Fix-and-flip properties accounted for a larger share of home sales in the first quarter than they did in late 2022. But low inventory may put the brakes back on.

The first large revolving RTL securitization was issued in 2018 and to this point, none of the deals in the sector have received ratings.

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.