Surge of non-agency MBS hits market; Redwood partners with Oaktree on business-purpose loans; A&D Mortgage launches second-mortgage product; former First Republic CEO appointed to lead Turkey’s central bank.

At a non-QM conference this week, leaders of non-QM operations detailed the importance of education for lenders looking to expand their book of business.

Gig economy workers offer a new type of self-employed borrower for lenders to approach, but they come with their own set of underwriting challenges.

Since the first quarter of 2022, the top 30 servicers of non-agency jumbo mortgages have grown their jumbo portfolios by 11.8%. (Includes data chart.)

Legislation in 12 states may impact the buying power of foreign nationals from seven countries.

Ownify launched its fractional homeownership program in the Triangle area of North Carolina after raising $7 million in seed funding.

Roc360 acquires BPL assets from Civic Financial Services; new non-agency MBS; non-agency MBS performing well; UWM launches new jumbo products; fractional home-equity provider.

Deephaven Mortgage and Arc Home are looking to add to their operations and sales teams to take advantage of upcoming opportunities in the non-QM space.

Real estate investment trusts are facing adversity in the non-qualified mortgage space due to high interest rates and low originations.

Income spiked at MFA Financial in the first quarter of 2023. Officials attributed the improvement to prudent risk management maneuvers.