The $274.5 million issuance of residential transition loans was oversubscribed nearly five times.

The lawsuit alleges that PML engaged in a fraud scheme over four years that allowed it to sell loans multiple times.

Both lenders’ inaugural deals were oversubscribed, helping to diversify the companies’ capital sources.

Knock has issued a $100 million bond backed exclusively by bridge loan products.

Leaders of non-QM lenders caution that fraud is a concern with bank statement mortgages and loans underwritten based on business profit and loss statements.

Originations of residential transition loans continue to increase, though the annual growth rate has come down in recent months.

Deephaven Mortgage is helping to tackle the housing shortage through education and building investor awareness for non-agency products such as residential transition loans.

A cornucopia of non-agency MBS hit the market in early July.

Short-term mortgages track residential transition loans and fix-and-flip loans. Last year, originations were up 34.6% compared with 2023. (Includes data table.)

The Seattle-based mortgage fintech has issued a $150 million securitization backed by residential transition loans and launched an artificial intelligence-powered data suite.