The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.

Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.

The nation's top 10 ARM originators in 2023 are all federally insured, led by Chase, BofA and U.S. Bank...

While the retail channel remained the predominant source for jumbo lending, originations through the channel fell 9.0% from the second to the third quarter. Correspondents and brokers gained share. (Includes data table.)

The changes to the CDFI certification process provide increased flexibility while ensuring organizations remain mission driven.

First-lien mortgage portfolio holdings at banks and thrifts increased by 0.8% from June to September. (Includes data table.)

PIMCO, Invictus Capital Partners, Angel Oak and Angelo Gordon are expected to issue securitizations backed by investment-property mortgages underwritten using debt-to-service coverage ratio.

Originations of adjustable-rate mortgages stayed flat in the third quarter while total first-lien production declined somewhat. (Includes data table.)

CoreLogic expects home equity lending to increase next year following a lull in HELOC originations this year.

Alternative-documentation and investor-property mortgage products are gaining interest, according to loan trading platform Maxex.