A new California bill that seeks to regulate the use of automated decision tools is facing strong opposition from the Mortgage Bankers Association and other trade groups.

Correspondent buyers of jumbos were divided fairly evenly between banks and nonbanks in 2023.

Redwood's earnings improved following a 53% increase in locked loans in the first quarter.

Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.

The case, Moon vs. Milestone Financial, involves an exception in California Civil Code section 1916.1...

Issuance of MBS backed by expanded-credit mortgages increased by nearly 50% from the fourth quarter to the first quarter of 2024. Annaly more than tripled its volume.

The real estate investment trust’s non-agency conduit had a record quarter for loan acquisitions in 2023.

A recent appeals court decision against an out-of-state lender may prevent future loan modifications in California for loans with interest rates above 10%.

Sales of jumbo mortgages through the correspondent channel declined for the second consecutive year in 2023.

Better joins a number of other nonbanks offering home equity loans as traditional refinance business is slow.