The lender’s new wholesale lending program will be led by Thomas Yoon, who has more than 18 years of non-QM industry experience.

Legislation to increase transparency in the CDFI Fund comes following reported issues with fund staffing and the new CDFI certification application process.

Expanded-credit securitization is heating up and prime non-agency MBS issuers are also active.

Falling interest rates are fueling optimism over growth in the fix-and-flip lending space this year, but competition from new homebuilders may dampen market expectations.

A&D Mortgage highlighted the advantages of bank statement loan products during a recent webinar.

Logan Finance hires new chief of staff; Hometap tops $1 billion in HEI funded products; Primis Bank adopts FICO Score 10 T; LendSure announces new bridge loan product; A&D Mortgage offers leap year promotion.

Looser underwriting standards for loans in expanded-credit MBS issued in 2023 are leading to higher delinquency rates.

Samuel Bjelac is returning to Carrington Mortgage Services to help grow non-QM originations in its third-party origination channels.

The HELOC program will use 12 or 24 months of bank statements for income verification.

The A&D mortgage shelf plans to issue six expanded-credit MBS this year.