After focusing on securitization of residential bridge loans, Toorak Capital Partners is preparing an MBS backed by investment-property loans with 30-year terms.

The $224 million MBS is stocked with 30-year mortgages underwritten based on debt-service coverage ratios.

Home prices are increasing at levels last seen in 2005. A growing share of mortgage originations are shifting to the jumbo market and cash-out refis.

While jumbo lock volume declined, Redwood increased its expanded-credit mortgage activity.

A sudden turn-around on the application front...

The bank increased its mortgage originations by 26% quarter-over-quarter.

Up next: some soul-crushing hits to gain-on-sale?

At the other end of the spectrum, deliveries of refi loans with credit scores of 740 or higher fell 20.1% from the first to the second quarter...

Tomo was founded by two former Zillow executives with a sole focus on purchase mortgages. Meanwhile, three-year-old Lower recently completed a $100 million Series A funding round.

The regulator released additional data collected from the survey of 5% of new mortgage borrowers each quarter. The data covers originations through the third quarter of 2020.