Volume of noncore products at the GSEs shifted downward in the first quarter as questions around the future of Fannie Mae and Freddie Mac persist. (Includes data table.)

Toorak Connect is an underwriting platform that uses artificial intelligence and machine learning to score loans based on risk. It has been used to underwrite more than $5 billion in business-purpose loans since its launch in 2022.

The subservicing solution is designed to manage the unique challenges of servicing home equity lines of credit.

The company recently received pre-seed funding to launch a stablecoin, $USH, that will be pegged to its portfolio of home equity investments.

Brookfield to acquire majority stake in Angel Oak; Dominion Financial launches AI chatbots; Carrington Mortgage’s correspondent channel goes fully non-QM; Sachem Capital takes loss in 2024.

Switch’s CMBS is the second-largest securitization ever completed in the data center securities space.

Among servicers assessed by Fitch, Chase has one of the highest ratings.

Asset managers and hedge funds are taking a more active approach in ABS issuance.

Securitized loans from the Federal Family Education Loan program could receive negative credit rating marks if the Department of Education is successfully dissolved by the Trump administration.

Recent communications from the White House seem to affirm that the CDFI Fund won’t face drastic cuts following a recent executive order.