The conduit started acquiring mortgages in mid-2021, with a focus on a limited number of lenders and relatively conservative credit standards.

Originations of adjustable-rate mortgages declined by 4.8% from the third to the fourth quarter and by 13.7% for the full year 2021. Bank of America was the top ARM producer. The loans largely remain in portfolio. (Includes data chart.)

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.