Jumbo mortgages

W.J. Bradley Mortgage Capital will wind down its business, after it stopped funding new mortgage loans on Sunday.

JPMorgan Chase is preparing one of the largest private-label mortgage securitizations since the financial crisis.

The American Bankers Association's mortgage subsidiary, ABA Community Bank Mortgage, has chosen BOK Financial Correspondent Lending to be its newest secondary market investor.

Mortgage applications ticked up slightly last week, as low refinance activity continued to offset gains in new purchase applications, the Mortgage Bankers Association said.

Mortgage credit availability stayed the same in February, based on data analyzed by the Mortgage Bankers Association.

Mortgage applications dropped during the week ending Feb. 26 as refinance activity fell to its lowest level since January, according to the Mortgage Bankers Association.

Redwood Trust is "repositioning" its mortgage business by focusing mainly on jumbo loans, according to its top executives.

The volume of all mortgage loan applications declined 4.3% on a seasonally adjusted basis for the week ending Feb. 19, compared to the previous week, according to the Mortgage Bankers Association.

Mechanics Bank in Walnut Creek, Calif., has entered the residential mortgage market and hired a banker to lead the new loan group.

Mortgage applications rose last week, with refinancings surpassing 64% of all applications, according to the Mortgage Bankers Association.