Most mortgage bankers were profitable in the first three months of 2026 despite higher per-loan expenses, as servicing income lifted their financials, according to the Mortgage Bankers Association (MBA)’s Quarterly Mortgage Bankers Performance Report. Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks posted a pretax net production profit of $727 per loan in…
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AD Mortgage has launched a $407 million non-QM securitization, its fourth deal of 2026, as the company continues to diversify collateral beyond its home base in Florida and deepen its national origination footprint, the company announced on Thursday. AD Mortgage Trust 2026-NQM4 is backed by 979 loans that are primarily fixed rate. Florida properties account…
Credit conditions for residential land acquisition, development and construction (AD&C) loans tightened again in the first quarter, but at the slowest pace in four years, according to a National Association of Home Builders analysis released Friday. The NAHB’s net easing index for builder and developer credit came in at -2.7 in the first quarter of…
Mortgage rates are headed higher as the bond market is taking the Iran conflict more seriously today and Fed rate hikes are now being priced in for the first time in a serious manner. If this continues, forget about any rate cuts or mortgage rates heading toward 6% anytime soon. The 10-year yield is surging…