The move aims to bring Maxex’s jumbo program more in line with conventionally underwritten loans.

The former president has proposed banning mortgages for undocumented immigrants if elected to a second term. At this point, the loans are largely only available in the non-agency market.

Noncore products include conforming jumbos, investor loans, cash-out refis and mortgages for second homes. (Includes data table.)

Arc’s new HELOC product is a fully digital offering that can lead to loan funding in less than five days.

Planet Management Group is increasing its non-agency servicing portfolio and recently received an upgraded rating.

Genesis Capital has issued more than $1 billion in rated residential transition loan securitizations since Morningstar DBRS started rating the securitizations in March.

With debt service coverage ratio loans becoming increasingly popular among lenders, underwriters need to balance guidelines against regional variations in rental values.

Refi promotion at A&D and DSCR expansion; Hometap brings new HEI securitization; Aclara Lending enters the non-QM lender space.

Morningstar plans to create the first ratings criteria specifically for securitization of loans for home improvement projects.

The NAHB projects that new builds of single-family homes will continue to rise in the coming quarters.