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Point closes $508.6M HEI securitization, largest to date

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Point completed a $508.6M rated HEI asset-backed securitization that closed July 15, its second of 2026. The deal drew more than 30 institutional investors, and Point said BB low spreads tightened by more than 220 bps compared to a similar February securitization.

Mortgage

Blue Sage partners with Kinective on mortgage modernization at community banks, credit unions

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Blue Sage Solutions has formed a strategic partnership with Kinective to simplify how banks and credit unions connect their digital mortgage lending technology to core banking and servicing systems.

Mortgage

Higher mortgage rates push applications lower after holiday week

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MBA says applications fell as the 30-year fixed rate rose to 6.65%, while the refinance index increased 4% and purchases fell 7%.

Mortgage

UWM broker ultimatum tied to 5 bps price drop at rivals

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United Wholesale Mortgage’s 2021 move to bar its broker partners from also sending loans to Rocket Mortgage drove an average price decrease of 5 basis points per loan at companies not targeted by the policy, according to a new academic paper.

Mortgage

Christy Soukhamneut on joining Stockton Mortgage as chief strategy and innovation officer

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Stockton Mortgage has appointed Christy Soukhamneut as chief strategy and innovation officer to lead operational transformation.

Mortgage

Bank regulators issue guidance on credit risk for unauthorized workers

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The OCC, FDIC and NCUA reminded lenders to manage credit risk for borrowers without work authorization under existing rules.