Velocity Financial said it benefited from less competition in its business-purpose lending niche.

Steadworth’s shared-equity agreement offering includes downpayment assistance for homebuyers.

Neuberger Berman returned to the expanded-credit MBS space with a new shelf and Logan Finance.

Bridge loan originations picked up in the second half of 2023 even as interest rates increased.

Carrington promotes CFO to CEO; FHLB of San Francisco approves Change Lending for membership.

Insurance companies and European investors have shown a growing interest in MBS backed by expanded-credit mortgages. However, there is not enough supply to meet demand.

Ed DeMarco, the former acting director of the FHFA, was among a handful of panelists at the SFVegas conference this week who called for more standardization in the non-agency MBS market.

Home equity investments have seen considerable homeowner interest due to high interest rates, but industry participants said more investor support is needed to meet homeowner demand.

Redwood reported $21 million in net income in the fourth quarter, bouncing back after posting a $31 million loss in the third quarter.

New benchmarks point to improved underwriting standards compared with collateral in non-agency MBS prior to the financial crisis of 2008.