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Change Lending Regains CDFI Status Following Court Order

September 14, 2023
James Dohnert
A judge determined that Change Lending will be able to provide loans as a certified CDFI until at least December.
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Rocket Readies Another Closed-End Second-Lien MBS

September 11, 2023
James Dohnert
The MBS is top-heavy in loans from California, Florida, Georgia and North Carolina...
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Court Favors Change Lending in CDFI Case

September 8, 2023
James Dohnert
A temporary restraining order against the CDFI Fund’s notice of revocation has resulted in Change Lending regaining its status as a community development financial institution.
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Redwood Launches Home Equity Investment Platform

September 8, 2023
James Dohnert
The new in-house home equity investment origination platform will operate through Redwood’s correspondent channel and a direct-to-consumer originations platform.
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Lenders Bring Buydowns to Non-QMs

September 8, 2023
James Dohnert
After finding success in the agency space, lenders are testing buydowns in the non-QM market.
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Nonprime Servicing Portfolios See Steady Growth in 2Q

September 8, 2023
James Dohnert
Select Portfolio Servicing continued to dominate the sector in the second quarter. (Includes data chart.)
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Altisource Loses CEO, Will Stick With Non-QMs

September 8, 2023
James Dohnert
Altisource Asset Management reaffirmed its commitment to the non-QM space after the resignation of its CEO Jason Kopcak.
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Expanded-Credit MBS Issuance Picks Up Steam

September 8, 2023
James Dohnert
Six expanded-credit MBS started marketing within the past two weeks. There’s also a rare prime non-agency deal in the market.
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News Briefs

September 8, 2023
James Dohnert
Acra Lending updates guidelines; DBRS ready to rate securitizations of residential transition loans; Moody’s reaffirms ratings for Redwood Trust; MISMO updates implementation guide for home equity eNotes.
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Industry Pushes VA to Issue Draft on Foreclosure Prevention

September 8, 2023
Monica Hogan
Industry watchers have called on VA to release a draft policy document describing the details of its proposed veterans assistance servicing purchase program by Sept. 21.
Read More
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