While the retail channel remained the predominant source for jumbo lending, originations through the channel fell 9.0% from the second to the third quarter. Correspondents and brokers gained share. (Includes data table.)

The changes to the CDFI certification process provide increased flexibility while ensuring organizations remain mission driven.

First-lien mortgage portfolio holdings at banks and thrifts increased by 0.8% from June to September. (Includes data table.)

PIMCO, Invictus Capital Partners, Angel Oak and Angelo Gordon are expected to issue securitizations backed by investment-property mortgages underwritten using debt-to-service coverage ratio.

Originations of adjustable-rate mortgages stayed flat in the third quarter while total first-lien production declined somewhat. (Includes data table.)

CoreLogic expects home equity lending to increase next year following a lull in HELOC originations this year.

Alternative-documentation and investor-property mortgage products are gaining interest, according to loan trading platform Maxex.

Upright adds DSCR loans; A&D Mortgage approved for lending in Iowa; Faes & Co launches fund for bridge loans; Newfi joins ARIVE lender marketplace.

Figure is expected to issue its third HELOC MBS of 2023 and will provide loans to an upcoming Saluda Grade issuance.

The revised CDFI certification process will improve lender accountability and streamline the application process.