Some 36.5% of the mortgages in a new $365.0 million non-agency MBS from Citi have private mortgage insurance and were eligible for delivery to Fannie Mae and Freddie Mac.

Backflip closed its first residential transition loan securitization last week, a $95 million deal.

The non-agency mortgage space is becoming more comfortable with artificial intelligence to help make the loan origination process more efficient.

The $283.3 million securitization was more than nine times oversubscribed.

An appeals court ruled that Toorak Capital Partners couldn’t complete a foreclosure due to insufficient evidence.

Insula Capital Group launches debt service coverage ratio program; Deephaven Mortgage offering new home equity line of credit.

The baseline conforming loan limit for the government-sponsored enterprises will be $832,750 for one-unit properties in 2026.

The non-agency product has gone from a niche offering to mainstream, with Rocket becoming the latest prominent lender to offer DSCR loans.

With some new key hires, Foundation Mortgage is focused on expanding its production.

Better Mortgage has sharply increased its HELOC originations, helped by a self-developed investor marketplace. Meanwhile, WSFS Bank is originating HELOCs on its own after selling a stake in Spring EQ.