Both lenders and servicers are looking into automation to help reduce costs.

Maxex has a network of 350 bank and nonbank originators...

Mortgage companies across the spectrum are looking for ways to reduce expenses. Automation and artificial intelligence might be a solution.

Most impacted securities have already made the transition from the London Interbank Offered Rate. S&P expects the LIBOR Act will minimize the risk on the remainder.

For the third consecutive month, mortgage credit availability declined, with some products reaching their lowest levels in a decade. It’s only expected to get worse as lenders worry about the economy.

The retail channel gained market share in the jumbo sector as Wells retreated from correspondent lending.

Some lenders note that they’re comfortable approving DSCR loans with ratios of less than 1.0 due to expectations that rents will rise.

Change recently issued its first expanded-credit MBS to receive a AAA rating.

Wells Fargo stopped originating jumbos through the correspondent channel and few lenders moved to pick up the slack. Meanwhile, the retail channel gained market share. (Includes data chart.)

Change Mortgage’s unique approach to underwriting for underserved communities has earned the CDFI its first AAA-rated security.