Leaders in the non-qualified mortgage space see promise in artificial intelligence, ample liquidity and the need for better marketing.

Industry attorneys stress that there are steps mortgage lenders can take to avoid running into legal issues with originating business-purpose loans.

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

Technology is helping servicers overcome the complexities caused by lack of standardization among non-QM practices.

ARDRI appoints Christine Lacy as vice president of wholesale production; Dominion Financial Wholesale appoints William Fisher as director of wholesale sales; new wholesale mortgage banking platform launches; ResiCentral launches expanded non-qualified mortgage product suite; Beeline Holdings rolls out home equity access product; Guild Mortgage adopts FICO Score 10 T; Chimera Investment to acquire HomeXpress Mortgage.

Appropriations to the FHA for administrative expenses would increase by $10 million over fiscal year 2025 funding levels under the Trump administration’s discretionary budget proposal.

FHA revised policies governing how servicers must engage with delinquent borrowers for loss-mitigation discussions. FHA said the changes will help servicers save on costs.

A second bill that would authorize the Department of Veterans Affairs to establish a partial claim program has joined a similar House-approved measure in the Senate Veterans Affairs committee’s pipeline.

A&D Mortgage will carry on the flexible FHA lending practices previously observed at the former Flagstar’s correspondent unit.

Ginnie Mae announced it will remove the 10% concentration limit on its single-issuer, custom single-family pools, effective June 16.