While profits at the business-purpose lender declined in the second quarter, executives at the nonbank are optimistic about growth.

Angel Oak promotes a slate of employees; JPMorgan Chase working on a security backed solely by adjustable-rate mortgages.

JPMorgan Chase has begun marketing a rare prime jumbo MBS backed entirely by adjustable-rate mortgages.

While still offered, piggyback loans are relatively rare in today’s high-interest-rate environment.

Loans in the new prime jumbo MBS had an average seasoning of 13 months.

CoreLogic and Equifax launched new income verification tools ahead of an anticipated increase in purchase originations.

The non-agency conduit of private mortgage insurer Radian Group expects to issue more MBS following success with its first deal.

A bipartisan group of mortgage industry players opposes FSOC’s proposal to create a fund to help sustain mortgage servicers in times of stress.

The lender has issued more than $4.7 billion in unrated securitizations since it started its securitization program in 2019, about $1.0 billion of which was issued in just the first six months of this year.

Nonbanks increased their contributions to prime non-agency MBS issued in the second quarter as Chase pulled back somewhat.