Lenders at the MBA conference say non-agency is more than just non-QM — and those still treating it as a niche product are falling behind as it becomes a core part of the business.

The deal has a two-year revolving period, scheduled to end in June 2028, when collections from the asset pool can be used to purchase new economic participations.

The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures.

The co-author of the landmark Dodd-Frank Act and progressive congressional trailblazer Rep. Barney Frank, D-Mass., has died.

As lenders explore the adoption of FICO 10T and VantageScore 4.0, setbacks and data limitations remain.

Three tranches of notes will be issued to investors, and the A2 tranche will issue the bulk of the debt, $613.7 million. Also, the notes have an anticipated repayment date of June 2031.

The delay preserves a lifeline for competing bidder United Wholesale Mortgage, which previously reached an agreement to acquire the servicer last year.

Lenders are finding better economics by placing agency loans into private-label securities, depending on the particular situation.

Also, spreads on broadly syndicated loan and middle-market CLOs widened for the second month.

The move comes about a year after rising delinquency levels prompted SBA to raise lender fees and tightened underwriting standards in its flagship 7(a) program.

Demands for new data centers account for the surge in financing, while offering portfolio diversity.

Department of Housing and Urban Development officials indicated that there are improvements in some delinquency stages and cure rates are better than expected.