The lawsuit alleges that PML engaged in a fraud scheme over four years that allowed it to sell loans multiple times.

American Pride Bank’s wholesale unit this week launched a non-qualified mortgage portfolio product suite.

Figure announces planned pricing for IPO; NYMT to rebrand as Adamas; Radian increases size of warehouse line.

Leaders of non-QM lenders caution that fraud is a concern with bank statement mortgages and loans underwritten based on business profit and loss statements.

Lenders that have traditionally focused on agency mortgages are boosting originations of non-QMs.

Figure Technology Solutions has used HELOC lending and a loan marketplace to bolster its prospects ahead of an initial public offering.

Velocity Financial reported a busy second quarter of 2025 in terms of securitizations, and leaders of the business-purpose lender expect business to continue to be strong.

Originations of residential transition loans continue to increase, though the annual growth rate has come down in recent months.

Velocity Financial opts for dual listing of its common stock; Morningstar DBRS adds inTENT Fulfillment to approved providers of due diligence.

Redwood Trust is putting more of an emphasis on acquiring and originating non-agency mortgages.