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.

Non-agency MBS participants have been working with an outdated data set.

The denial rate on applications for jumbo mortgages was 11.9% in 2022.

First Republic Bank — now the property of JPMorgan Chase — was the top originator of ARMs in 1Q23...

In M&A news, Ellington Financial has agreed to buy Great Ajax in all-stock deal.

Struggling alongside a slow purchase market, originations of adjustable-rate mortgages fell in the first quarter of the year. (Includes data chart.)

A former chief of staff accused the Change Company of wrongful termination and whistleblower retaliation in a lawsuit, while Change said it terminated the employee after numerous reports of misconduct and safety concerns.

The platform offers end-to-end support and closing times measured in days, not weeks.