Jumbo mortgages

The pool of 359 loans also on average carry higher balances (over $900,000) compared to the REIT's earlier pass-through deal this year.

But existing deals are likely to experience issues resulting from higher defaults, faster prepayment speeds.

In November, more loan products were being offered both at the upper and lower ends of the market.

Lenders also increased jumbo product availability as well as rolling out new SOFR-indexed ARMs.

The vibe is pre-COVID San Francisco: Airpods, electric scooters, coffee-shop coworking and cash offers for million-dollar homes.

Uncertainties in the job market drove mortgage credit availability down again, falling to the lowest point since March 2014, according to the Mortgage Bankers Association.

Some of Miami Beach's priciest real estate is now a relative bargain, even in the billionaire enclave of Fisher Island.

The company reported nearly $23 million in losses for the second quarter, but that was an improvement on a quarter-to-quarter basis.

Conditions have improved for the first time since November.

Even with the second quarter's market disruption, Redwood Trust still regained profitability.

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

However, those who aren't current bank customers need to have $1 million in a qualifying account.

As the coronavirus created uncertainty for the housing market, underwriting standards tightened further in June.

Compared with the week prior, approximately 57,000 fewer loans from all investor types were forborne.

Now the shutdown has stretched into mid-June, effectively canceling the long-anticipated Memorial Day listings bonanza.

Looming economic uncertainties forced mortgage lenders to tighten underwriting standards in May.

Many originators stopped making riskier products, including jumbo loans and low credit score offerings, during April.

As the coronavirus takes a major toll on housing inventory and credit availability, pent-up buyer demand could lead to market recovery, according to Redfin.

The wealthiest, most-reliable mortgage borrowers in the U.S. are hearing an unfamiliar word from lenders: No.

The Federal Reserve's $2.3 trillion loan stimulus includes plans for outstanding commercial mortgage-backed securities and newly issued collateralized loan obligations.