Production of adjustable-rate mortgages in the first quarter of 2026 totaled $79.00 billion, down 16.0% from the fourth quarter of 2025. (Includes one data table.)

President Trump’s recent executive order targeting lending to immigrants could change lenders’ practices when lending to borrowers using individual taxpayer identification numbers.

Fitch Ratings has concerns about new products in the debt service coverage ratio and cryptocurrency spaces.

Button Finance makes three hires; Logan Finance appoints Western managing director of sales; AD Mortgage launches non-QM offerings for prime borrowers; Insula Capital Group introduces portfolio-level debt service coverage ratio financing; Land Gorilla launches AI-powered due diligence solution; Hometap offering two-tier pricing structure for home equity investments.

Unlike other AI guidance tools, the new mortgage-specific framework launched by MISMO is designed for organizations without big risk-focused teams.

The fees for early payoffs are only available for non-owner-occupied loans. The convexity profile they create for non-agency loans makes them attractive to MBS investors.

Three new credit risk transfer deals from banks covered a variety of loan types.

Next week the Federal Open Market Committee will meet for the first time since Kevin Warsh took over as Fed chair.

Hedging could lessen the shock of prepayments for large banks holding mortgage servicing rights. There aren’t similar offsets, though, to mitigate a surge in defaults, according to research from the Fed.

Lenders denied 12.1% of applications for jumbo mortgages in 2025.