Figure issued a fully pre-funded securitization with HELOCs, with the firm touting the effort as an alternative to the agency TBA market.

Brokers are increasing their production of non-qualified mortgages to keep up with rising demand, particularly from self-employed borrowers and real estate investors.

After months of delays, Two Harbors got its shareholders to agree to the company’s acquisition by CrossCountry Mortgage. The deal is expected to close in August.

Optimal Blue said the market is adapting to a higher-for-longer rate environment.

Delinquencies on DSCRs typically don’t get reported on a borrower’s credit report until there is an actual notice of default on the property.

The agreement ends a lengthy process that included four shareholder vote postponements and a public bidding war with United Wholesale Mortgage.

The new company will focus on servicing loans in a way that keeps loan officers connected with their clients.

The senior members of Gen Z are 29 years old.

The release is expected to help lenders and investors evaluate the performance of FICO 10T.

Industry leaders believe lenders need to work more closely with AI vendors to avoid compliance issues.