Investors are increasingly turning to the mortgage market to fund their home purchases rather than paying all cash.

Two publicly-traded mortgage companies recently completed reverse stock splits and a third split is in the works.

The product allows for debt service coverage ratio below 0.75, while many DSCR lenders require a ratio of at least 1.0.

The funding will go toward Faes & Co.’s F2 Finance, a fix-and-flip lender based in the U.S.

Jumbo MBS issuance is off to a strong start in the third quarter, with five deals marketing within the past two weeks.

A new reperforming loan securitization from MFA Financial includes loans originated through Change Lending’s low-documentation program.

More high net-worth consumers are shunning jumbo mortgages and purchasing luxury homes in all-cash deals.

Early trends have been mixed, but more private credit funding and a potential rate cut should help boost short-term rental lending this year.

Experts speaking at an event hosted by the Urban Institute said that CDFIs are developing novel ways to help more underserved borrowers achieve homeownership.

The lender is offering a temporary 125-basis-point incentive on VA Interest Rate Reduction Refinance Loans and non-credit-qualifying FHA streamline loans.