New Penn Financial recently introduced a new non-agency program that allows for non-qualified mortgages and alternative documentation, among other features. The SmartEdge product includes loan amounts up to $3.0 million, credit scores as low as 620, debt-to-income ratios up to 50.0 percent and loan-to-value ratios as high as 90.0 percent. New Penn is in the process of being sold to New Residential Mortgage, a real estate investment trust. SmartSelf allows ... [Includes two briefs]

LendingTree’s price-to-earnings ratio is in nose bleed territory and short-sellers smell blood…

Investors are increasingly interested in financing mortgage servicing rights and investing in ex-cess servicing spread strips, according to the law firm of Hunton & Williams. The firm helped a number of companies structure MSR financing transactions last year.

The Community Mortgage Lenders of America is also against the concept of guarantors being lenders or having lending affiliates.

In total, 63 lenders contributed to the new MBS from Deephaven…

Pershing Square plans to cut almost one-fifth of its staff. One of the casualties: Ackman’s personal driver…

The bulk market was dominated by New Residential Mortgage…

HUD tells the mortgage industry: “Due to the federal government shutdown, the information on this website may not be up to date…”

The White House may be committed to GSE reform, but Republicans are not...

A huge rebound in securitization of credit-card receivables in 2017 helped boost the non-mortgage ABS market to a significant 21.2 percent increase in new issuance, according to a new rank-ing and analysis by Inside MBS & ABS.