Originations of jumbo mortgages declined in the first three months of the year driven by a retreat among banks. Nonbank lenders picked up some of the slack. (Includes data table.) Read More

Freddie Mac’s proposal to acquire closed-end second liens is unnecessary because there are adequate options available in the non-agency market, according to a number of trade groups. Read More

Rejection rates on jumbo mortgage applications increased last year even as application volume declined. (Includes data table.) Read More

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

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

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.) Read More

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

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