Origination

More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.

The government will also begin allowing mortgage default insurance on homes worth up to C$1.5 million ($1.1 million), an increase from the current cap of C$1 million.

The new threshold comes months ahead of the Federal Housing Finance Agency's formal announcement.

The top five lenders averaged more than $20 billion in mortgage originations through May.

The lynchpin to this is what Rocket management calls its "Super Stack" artificial intelligence technology.

The lender claims it's been the first player in the industry to raise the threshold for three years in a row.

Rising property values continue to buffer mortgagors against negative equity situations, Corelogic said.

While large institutions might rank low in customer satisfaction, the institutions that can build up client trust are also likely to see consumers more likely to share personal data, a leading analyst said.

Homeownership affordability reached its lowest since at least 2006 in October, and still hovers near that level, according to an index from the Federal Reserve Bank of Atlanta.

Consumer Financial Protection Bureau Director Rohit Chopra said the action would "close the book" on the agency's investigation into the Sallie Mae spinout.