Two home improvement ABS hit the market, one from a new issuer and one from a returning issuer.

Borrowers are seeking more information about downpayment assistance programs as home prices continue to increase.

Noncore products are loans in which the non-agency market competes with the GSEs.

Maxex said the new guidelines should reduce the number of sales stymied by loan conditions and establish faster turn times for sales.

Non-agency MBS issuance backed by new originations totaled $20.15 billion in the third quarter, up 17.7% from the previous quarter.

JPMorgan Chase remained the top issuer of non-agency MBS in the third quarter, increasing its issuance by 25.8%. (Includes data tables.)

The move aims to bring Maxex’s jumbo program more in line with conventionally underwritten loans.

The former president has proposed banning mortgages for undocumented immigrants if elected to a second term. At this point, the loans are largely only available in the non-agency market.

Noncore products include conforming jumbos, investor loans, cash-out refis and mortgages for second homes. (Includes data table.)

Arc’s new HELOC product is a fully digital offering that can lead to loan funding in less than five days.