Another warehouse lender active in the digital/crypto space is Silvergate Bank of California...

Third-party due diligence reviewers are swamped.

GSE securitization of investment-property mortgages fell by 33% on a sequential basis in the second quarter, while overall single-family GSE activity was down only 5%.

The issuance is the first of the year from Goldman with GSE-eligible mortgages for investment properties.

Rocket is offering residential solar financing and installation services while New Residential is set to launch an operating company focused on single-family rentals.

Offshoring certain functions involved with originations or servicing can generate cost savings of 25% and beyond. Still, there are risks involved with the practice.

Delinquencies declined again in July, though 1.45 million borrowers are 90+ days delinquent. Mortgage employment increased in June as interest rates remained low.

The recently public real estate investment trust focuses nearly all of its investments on non-QMs originated by affiliated lenders.

At one point during the pandemic, used car prices were up 50% year over year. Now, appreciation is around 20%, prompting speculation that auto ABS performance will take a hit.

FHFA proposes tougher housing goals for the GSEs and SFA will require attendees at the upcoming SFVegas conference to be vaccinated.