Improved underwriting and consumer resiliency makes DoubleLine bullish on the consumer ABS market moving forward.

A bill to ban trigger lead activity was rolled into an annual appropriations bill. Congress also passed a stopgap funding bill through Dec. 20.

Seed funding was raised from Redwood Trust Ventures and Silicon Valley Bank, among other investors.

Offshore labor can be used to prepare origination files for credit decisions by a licensed underwriter.

United Wholesale Mortgage has introduced a new AI-based platform to help its brokers recapture borrowers with a refinance.

Outsourcing underwriting tasks to offshore contractors can help reduce production costs for mortgage lenders, according to an executive at Verity Global Solutions.

S&P gave the revised framework a light green rating, which signifies that it helps promote activities to avoid emissions.

The Federal Reserve announced a 50-basis-point reduction in the federal funds rate this week. Interest rates on mortgages have come down by more than that in recent weeks in anticipation of the Fed’s move.

A&D Mortgage has partnered with Atlas Merchant Capital to fund more expanded-credit MBS transactions.

Growth in first-lien holdings occurred outside of the top three banks, which all shrank their portfolios in the second quarter.