Though similar in borrower base, securitized closed-end second liens perform much better than home equity lines of credit.

Select Portfolio Servicing received a rating affirmation for its non-agency servicing while Wells Fargo received a downgrade.

Total impairments for securitized non-qualified mortgages rose by 14 basis points from July to August.

Mortgage Capital Trading offering non-agency pricing; First American offering title product for home equity loans; Beeline to launch HEI offerings; Hometap expands to six additional states; June Point Lending open in California; Easy Street Capital brings RTL servicing in-house.

The financing structure for apartment developments offers banks favorable capital treatment and strong returns.

Some lenders are seeing better execution for GSE-eligible investment-property mortgages in non-agency MBS.

The firm believes the new AI tools will help with the complex process of structuring individual MBS and ABS.

The ARM share of first-lien originations increased to 16.8% from 15.0% in the first quarter.

While the applications subject of the lawsuit were made to Ameritrust, the defendants perpetrated the same fraud on other lenders involving hundreds of other properties, according to the lawsuit filed in the U.S. District Court for the District of Maryland.

The retail channel’s share of nonconforming originations increased from the first quarter to the second. (Includes two data tables.)