Jumbo mortgages

The transaction uses a shifting interest repayment structure, and its lockout that is subject to performance triggers.

The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.

Easing regulations on the GSEs will likely drive elevated activity in non-QM if or when it occurs, leaders at the real estate investment trust also said.

TD has been adjusting its balance sheet to comply with a cap on its U.S. retail banking assets, imposed last year as part of its money-laundering plea.

Three-fourths of jumbo borrowers are hanging onto mortgage rates at or below 4%.

The launch of joint-venture business Aclara Lending comes through a new agreement between the real estate enterprise and mortgage broker Barrett Financial Group.

Because the bank occupied a niche in serving ultra high-end consumers, experts question whether its receivership will make other depositories more reluctant to offer jumbo loans.

The entire pool is comprised of fixed-rate, fully amortizing mortgages, with an average balance of $901,373. They are also first-lien loans.

The financial services company will incentivize existing card members with statement credit for taking out or refinancing a home loan with either lender.

The move is a vote of confidence for the private market in financing, which has been revitalized by limits government-related investors have put on certain loan purchases.

Even though product availability is now at the same point where it was one year ago, it remains at 2014 levels.

In the aftermath of 2020’s historic year of mortgage originations, lenders are concerned with keeping employees and insulating themselves from the negative effects of the boom and bust cycle, according to a survey from The Mortgage Collaborative.

It’s getting easier to close bigger loans for higher-priced properties, but credit is expanding slower for first-time buyers.

More lenders are willing to take on borrowers who are lower on the qualification spectrum as the economy rebounds.

The company posted an $88 million loss for 2020 after shutting down for nearly the entire second quarter.

Finance of America Reverse's product combines features of a forward mortgage, like 10 years of payments, with parts of a non-recourse reverse loan.

The number of product offerings stayed at a level last seen in 2014 as slight gains in government and jumbo loans were offset by fewer conventional mortgages coming on the market.

But the average amount for a purchase loan increased to an all-time high, showing the upper end of the housing market remains strong.

Upcoming changes to underwriting regulations, as well as the end of the QM patch, in addition to growing home values, all add up for this market to have a good year.

Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.