New non-QM lender opens shop; Angel Oak REIT posts 4Q loss; A&D Mortgage and Imperial Fund look to attract more insurance company investors through a new partnership with Clearwater Analytics.

The deal is expected to boost A&D’s originations of agency loans. The lender has so far focused on expanded-credit mortgages.

A&D Mortgage’s new AI chatbot will allow brokers to get real-time answers to questions regarding non-QM guidelines.

Conforming loan limits increasing by 5.2% in 2025; A&D Mortgage using AI to help brokers understand non-QM guidelines; Splitero expands, inks agreement with investment firm.

Splitero expands to Arizona; A&D Mortgage launches free CRM; Achieve updates terms on HELOC product.

The new joint venture has already issued its first MBS, with expanded-credit mortgages originated by A&D Mortgage.

A&D Mortgage has partnered with Atlas Merchant Capital to fund more expanded-credit MBS transactions.

The loans backing the security were originated by A&D or its third-party correspondents.

A rise in securitization of expanded-credit mortgages from Annaly Capital Management and Invictus Capital Partners helped the ECM securities market grow in the second quarter. (Includes three data tables.)

The product allows for debt service coverage ratio below 0.75, while many DSCR lenders require a ratio of at least 1.0.