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The increase is the first since 2018 and, combined with reductions in the mortgage and Treasury bond portfolio, it could drive 30-year home loan rates to 4.5% by year-end.

Company management believes it can still be successful in the securitization market despite widening spreads.

The increase in second-lien residential loans in this category was even more pronounced, according to Standard & Poor’s Dow Jones Indices and Experian.

Purchases increased, but refinance activity cooled again due to rising rates.

James Roche is the vice president of product management at Verisk. He is responsible for product strategy and the development of new and enhanced, innovative solutions for personal lines property underwriting. James is a data analytics and insurance executive, having spent 25 years in the industry with roles across a variety of divisions including claims, operations, and underwriting.

A majority of the loans, 63.5%, were designated as non-QM loans, and about 36.5% of the loans in the pool are made to investors for business purposes.

Penny Lee is the president and chief executive officer of the Financial Technology Association, a trade group representing innovative financial technology companies.

Kevin Cannon is a director in Opportune’s valuation practice based in Houston. He has 17 years of experience performing business and asset valuations and providing corporate finance consulting. His experience includes valuations of businesses and intangible assets for purchase price allocations, impairment, tax planning, and portfolio valuation purposes for companies in a variety of industries, including oil and gas, oilfield services and industrial manufacturing.

Leaders with the top-ranked lenders discuss continuing education and essential comms strategies amid a rapidly changing market

The Federal Open Market Committee is all but certain to raise rates by a quarter percentage point at the conclusion of its two-day policy meeting.