United Wholesale Mortgage started offering bank statement mortgages and a non-agency investment property product in March.

After more than a year of working to shift its focus, Altisource Asset Management is setting up an alternative lending group to originate and acquire non-QMs and other products.

Reigo Investments raised $13 million in Series A funding while New York Mortgage Trust acquired minority stake in AlphaFlow for an undisclosed amount.

For a flat fee of $1,000 per month, prospective homeowners can enter into equity-sharing agreements with Haus. The company also launched a blockchain-based coin offering for accredited investors.

A search of WARN Act filings in California revealed very few recent mortgage-related layoffs in the state.

Chairman Ghamsari said, “As we navigate through this rapid mortgage industry reset, our priorities are to drive customer adoption of our expanding software solutions"...

Fannie and Freddie reduced their REMIC/CMO issuance by 22.5% and 27.7%, respectively...

Seeking to further advance the Biden’s administration housing agenda, the White House’s proposed budget allocation includes $11.6 billion more for HUD in fiscal year 2023.

FHA will ensure appraisers have clear guidance on their antidiscrimination obligations under current laws, improve the processes for homeowners to seek revaluation and expand data sharing among agencies, among other plans.

HUD announced its goal to advance sustainable homeownership as part of its new fiscal 2022-2026 strategic action plan.