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.

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.