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Rithm’s Newrez Spin-Off Still Under Consideration

December 12, 2024
Paul Muolo
A spin-off of nonbank Newrez by Rithm Capital parent could happen in 2025. The missing ingredient: lower interest rates.
Read More

PennyMac Ramps Up Jumbo Lending, Plans MBS

December 6, 2024
James Dohnert
PennyMac looks to re-enter the jumbo MBS market after last issuing a deal in 2013.
Read More

Annaly Eyes Non-Agency Correspondent Growth

December 6, 2024
James Dohnert
Annaly believes its Onslow Bay unit can continue to grow following a record October for loan locks.
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Michigan’s Dart Bank Bullish on Jumbo Wholesale Lending

December 6, 2024
James Dohnert
Dart Bank’s wholesale division launched a new jumbo product.
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Distillery Brews Non-QMs to Help Boost Profits

December 6, 2024
James Dohnert
An Oregon-based distillery infused a mortgage business into its line of companies in a bid to diversify its profits.
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Investor Home Purchases Returning to Pre-Pandemic Levels

December 6, 2024
James Dohnert
Investors are having to get more creative to turn a profit, according to a new report from Redfin.
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Lenders See Shifting Appetite for Investor Loans

December 6, 2024
James Dohnert
Changing market dynamics have impacted the types of investor loans offered by banks and nonbanks.
Read More

News Briefs

December 6, 2024
James Dohnert
Conforming loan limits increasing by 5.2% in 2025; A&D Mortgage using AI to help brokers understand non-QM guidelines; Splitero expands, inks agreement with investment firm.
Read More

Mortgage Industry Supports Trump’s Pick to Lead HUD

December 6, 2024
Monica Hogan
Industry stakeholders have largely applauded the nomination of Scott Turner as secretary of the Department of Housing and Urban Development, citing his experience and leadership.
Read More

FHA Proposes Updates to Loss-Mitigation Waterfall

December 6, 2024
Monica Hogan
The draft standards differ based on whether borrowers can resume their original mortgage payments or need payment relief. Comments on the proposal are due Dec. 23.
Read More
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