CFPB increases threshold to determine whether higher-priced mortgage loans are subject to special appraisal requirements; LoanStream licensed in Alaska; Upstart launches HELOC product; Valley National Bank launches HELOC for LMI borrowers.

Redwood Trust grew its loan selling partnerships with banks over the course of the third quarter of 2023.

Despite reporting a loss in the third quarter, Annaly Capital Management saw gains in its non-agency correspondent business.

Shellpoint Mortgage Servicing handled servicing duties on $3.65 billion of non-agency MBS issued in the third quarter. (Includes data table.)

Change has ensured its CDFI status through 2025 following an agreement with the CDFI Fund.

Stephen Thomas, a former FHLB Chicago official with more than 30 years of experience in affordable housing and diversity and inclusion initiatives, has launched FutureWave Finance.

Income remained level in the third quarter while the lender increased originations of business-purpose loans.

Unison offers its first HEA securitization; NP rebrands; Finance of America launches new reverse-mortgage product; Sherman Bridge debuts investment-property lender marketplace; Arc Home appoints new president and future CEO; UWM expands DSCR eligibility requirements.

The issuance, sized at $342.0 million, received preliminary AAA ratings from Fitch Ratings and Kroll Bond Rating Agency.

Officials at FCI Lender Servicing believe financial institutions will be required to use blockchain within five to 10 years given the transparency it offers.