The deal includes a mix of second liens underwritten to bank statements and full documentation.

Lenders and tech vendors believe AI can be used to help qualify more nontraditional borrowers in the non-QM space.

Despite slight declines in portfolios among the top jumbo servicers, servicing volume for the jumbo market stayed relatively flat from the fourth to the first quarter. (Includes data table.)

EasyKnock, a New York-based home equity solutions platform, this month acquired HomePace, a Park City, UT-based provider of home equity investments.

Morningstar has positive outlook for Acra; PRMG adopts FICO Score 10 T for non-QM underwriting; SG Capital Partners updates guidelines.

A new Optimal Blue whitepaper details the need for a LIBOR alternative in the secondary market for non-QM loans.

Rocket and A&D Mortgage have developed new AI solutions, and plan to offer more automation tools in the coming months.

Income and employment data verification provider Argyle believes verification waterfalls can help lenders save time and money during the loan origination process.

Ellington Financial plans to increase non-agency issuance. The real estate investment trust last month issued its first non-QM MBS in over a year.

Computershare recently started offering trustee services for MBS. Western Alliance was named as a trustee for a CLO deal.