In a rare move for a bank, the majority of Royal Business Bank’s mortgages are non-QMs. The bank is headquartered in Los Angeles and operates across six states.

New York Mortgage Trust acquired the business-purpose loan originator last week, after already owning a stake in the company.

International buyers purchasing properties in the U.S. increasingly are turning to options other than non-agency mortgages, according to the National Association of Realtors.

Douglas Elliman Real Estate launches in-house mortgage platform; Rithm Capital partners with institutional investor to fund RTLs; Roc360 raises funds for BPL acquisitions; Fidelis Investors issues second RTL securitization.

The increase in delinquency rates among FHA loans originated in recent years probably comes down to inflation, Urban Institute researchers said, ruling out other culprits.

The Department of Housing and Urban Development has changed the way it calculates the floor price for properties sold at foreclosure sales under its claims without conveyance of title program, but maintained that servicers must pay more than total debt owed in some instances.

Industry participants responded positively to the Department of Housing and Urban Development’s proposal to set the FHA mortgage insurance premiums to 0.25% for all multifamily loans.

Investors saw the value of their agency MBS holdings drop in early April due to volatility tied to trade policies. Many markets recovered from the volatility by the end of June, but the agency MBS market lagged.

Investors are showing strong demand for ABS that receive private ratings. The deals tend to carry bespoke terms driven by investors.

The merged entity could allow Figure to reduce warehouse costs for lenders, helping to generate more securitization volume.