Community Dev., Non-Del Non-QM, Hedging Products; Credit News; Capital Markets

Time flies, Apple turns 50 today, the first quarter is in the books, and here in Northern Nevada, like everywhere, lenders are watching trends and technology. There are all kinds of lists out there, but for those who prefer the CFPB’s data, there’s HMDA Market Share Dashboards for Origination Statistics. In terms of technology, there’s always something new in the AI lender world, and there are firms that specialize in it including Ocrolus, TRUE, Aiva AI & Automation, Marr Labs, TrustEngine, Friday Harbor, AiCR, Guideline Buddy, JazzX AI, and MOZAIQ listed in the Marketplace. “Credit” is a hot topic. Many are watching the FICO Score 10T (the “T” is for “trended”), and acceptance is growing in the primary and secondary markets. CrossCountry, for example, has embraced the scoring. Think of the old FICO scores as a snapshot of a borrower whereas the 10T is purported to be a video of the borrower. (Today’s podcast can be found here and this week’s ‘casts are sponsored by RelCu. RelCu is the all-in-one agentic platform driving conversion, retention, and cross-sell across mortgage and deposits. Today’s features an interview with Bloomberg’s Erica Adelberg on MBS investor sentiment, spread movements, and changes in prepayment characteristics with volatile rates.) Products, Services, and Software for Brokers and Lenders “Cash Out Refinance! Are your borrowers struggling to get needed cash-out from a refinance? Are you trying to limit LLPA’s to make deals work? Symmetry’s Piggyback HELOC can close simultaneously or within 120 days after the 1st mortgage refinance closes with rates as low as Prime + 0 percent margin up to 89.99 percent CLTV (760+ mid FICO, primary residence, 200K min. draw, 500K max line, 5 year draw term).These game changing options work for borrowers who need extra cash-out or if an appraisal comes in low. Use our piggyback offerings can make a big impact on your borrowers! Symmetry Lending.”