Santander Bank is marketing a $289.3 million securitization of closed-end second liens, a first for the bank.

Mortgage originations increased somewhat during the third quarter at JPMorgan Chase, helped by the correspondent channel.

FoA will offer the home equity loans through Better’s Tinman platform, a first for the lender, which has focused on reverse mortgages.

Experian joined Equifax in offering free VantageScore 4.0 scores to mortgage lenders that buy certain score bundles.

While AI use appears to be the norm in the mortgage industry, many lenders said they're hesitant to lean on the technology for originations.

Residuals from securitizations can generate close to 20% in returns though the asset class carries significant risks. Nonbanks are showing a strong appetite for the asset, but there is limited liquidity.

Upgrade is getting into auto loan ABS issuance and Imprint Payments is set to issue its first credit card ABS.

Rocket is set to issue its second consumer loan ABS; Golub Capital issues rare long-duration CLO; large jumbo MBS from Chase; ratings performing as expected.

Industry participants favor a proposal from the Federal Housing Finance Agency to repeal fair lending oversight of Fannie, Freddie and FHLBanks. Consumer advocates, meanwhile, were sharply critical.

Equifax is taking actions to increase adoption of VantageScore 4.0.