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.

New jumbo, expanded-credit and home equity loan securitizations were announced over the last two weeks. The largest offerings are two jumbo MBS from JPMorgan Chase.

The fix-and-flip lender believes its new construction loan product will help increase housing inventory and create more affordable housing.

CMS launches ITIN product; Liberty Home Mortgage to start using FICO Score 10 T for nonconforming loans.

Low loan-to-value ratios and structural features are protecting investors in non-qualified mortgage MBS.

Workers across industries, including mortgage companies, had sent FTC comments describing how noncompetes compel them to endure jobs with poor working conditions. The MBA and other trade groups oppose the rule.

Examples from various industries, including the mortgage market, helped to push the FTC to issue the final rule.

Achieve Home Loans is expected to close a $170.1 million HELOC MBS later this month.