Credit performance to LL ABS deals has been better than expected, as financial support to borrowers made exxtra cash available to pay down on other obligations.

Minnwest Bank, which focuses largely on agriculture lending, said it will “become more sophisticated" with its mortgage and consumer lending services by acquiring Roundbank.

In a first for the EART program, the collateral will include loans originated through a third-party direct lender.

Credit enhancement ranges from 24.7% on the most senior class of notes to 1.5% on the most subordinate class.

While the company's mortgage originations saw a 46% annual drop in gain on sale margin, it anticipates that annual volumes will exceed 2020 levels.

Relatively tight pricing is expected on Citigroup Mortgage Trust 2021-INV2, although the coupons are expected to range from 0.49% to 3.0%.

The bank’s decision to offer home improvement loans directly will not have a material impact on profits at the Atlanta-based fintech, according to GreenSky.

The collateral is made up of private consolidation loans and private student loans that Wells Fargo, another initial note purchaser, had originated.

The agency developed measures taking effect Aug. 31 that, among other things, will allow lenders to prioritize foreclosures of the most impaired loans and then focus on modifying salvageable ones.

A strong housing market and a willingness of borrowers to tap home equity lines, is benefiting non-QM loans.

The expanded credit access in its automated mortgage decisioning goes into effect in mid September.

A pool of high-quality mortgages is securing Flagstar 2021-7. None of the loans had been subject to a coronavirus-related forbearance plan by the cutoff date.