An estimated $60.00 billion of ARMs were originated in the third quarter, a 1.7% increase from the previous three-month period.

ICE said that delinquencies have risen on a year-over-year basis for six consecutive months.

The MBA noted that buyouts are capital intensive and can create liquidity stress for nonbanks, which don’t have large balance sheets to hold nonperforming loans for an extended period.

A lack of housing supply should help real estate investors in 2025.

Redfin said home prices have risen for three straight months.

Oaktree decided to focus on non-agency products to provide correspondents with loans they may not already have in their toolbox.

After explosive growth in the second quarter, originations of adjustable-rate mortgages failed to keep pace with overall originations. (Includes data table.)

Correspondent lenders took some market share from both the retail and broker channels in the nonconforming market in the third quarter. (Includes two data tables.)

Oaktree expects market share for correspondents in the non-qualified mortgage market to grow next year.

A&D Mortgage’s new AI chatbot will allow brokers to get real-time answers to questions regarding non-QM guidelines.