Apply Online
Schedule a Call

Author name: Ricky Vasquez

Invesco REIT takes loss as Iran volatility hits agency MBS

Capital markets, Earnings, Secondary markets /

Invesco Mortgage Capital recorded a loss under generally accepted accounting principles during the first quarter, when it reported that Iran War volatility weakened agency residential mortgage-backed securities performance. Processing Content The real-estate investment trust reported a net loss attributable to common shareholders of $23.1 million, underperforming consensus estimates for a positive $1.26 million earlier in […]

Invesco REIT takes loss as Iran volatility hits agency MBS Read More »

Mortgage brokers embrace AI but seek better tools, training

Artificial Intelligence, Mortgage brokers, Mortgage technology /

Mortgage brokers are active users of ChatGPT and ready to add artificial intelligence tools to their workflows, but a majority still have questions surrounding which software best serves their needs. Processing Content More than half, or 55%, are already implementing AI on a regular basis, with approximately 35% already considering themselves daily users, according to

Mortgage brokers embrace AI but seek better tools, training Read More »

Largest lenders generate 20% of total mortgage volume

Housing markets, Industry News, Mortgages, Originations /

Half of all mortgage lending is dominated by just a handful of lenders, with 2025 trends showing improving business conditions, but a still-uneven recovery from the housing slowdown earlier this decade.  Processing Content The top five lenders produced a little more than 20% of total loan volume last year based on both unit and dollar

Largest lenders generate 20% of total mortgage volume Read More »

How these top producers crushed it in a tough market

2026 top producers, CAREER & COMPENSATION, Originations /

Maintaining a back-to-basics philosophy in turbulent times is what helped set these leading mortgage originators ahead of the crowd during 2025. Processing Content The No. 1 producer, Shant Banosian, added to his responsibilities in 2025, becoming the president of Rate. Still, he stuck to the basics, working with his Realtor referral partners, helping them navigate

How these top producers crushed it in a tough market Read More »

Castlelake, Redwood form $8B jumbo mortgage venture

Capital markets, Industry News, Jumbo mortgages, M&A, Originations, Secondary markets /

Castlelake is forming a joint venture with Redwood Trust to purchase up to $8 billion of prime jumbo mortgage loans. Processing Content The partnership was designed to support the growth of Redwood’s Sequoia platform and give Castlelake, an investment firm specializing in asset-based private credit, programmatic purchasing power for the fully documented loans. Sequoia will

Castlelake, Redwood form $8B jumbo mortgage venture Read More »

Rising rates pushed mortgage payments higher in March

Housing markets, Mortgage applications, Originations /

Home affordability levels reversed course in March, with new monthly mortgage payments heading higher in tandem with interest rates and purchase amounts. Processing Content The median payment on new purchase-loan applications during the month accelerated 3.4% to $2,131 from $2,061 in February, according to the Mortgage Bankers Association affordability index. The latest number came in

Rising rates pushed mortgage payments higher in March Read More »

Judge blasts Colony Ridge settlement, declines oversight

Lending, Litigation, Politics and policy, State of Texas /

Key insight: The judge said the original complaint sought actual damages for Hispanic buyers steered into high-cost loans to buy undeveloped, flood-prone land. What’s at stake: The settlement provided no compensation to the buyers allegedly harmed and instead allocated $48 million for infrastructure and $20 million for law enforcement. Expert quote: “The court finds it

Judge blasts Colony Ridge settlement, declines oversight Read More »