Former Civic Financial President William Tessar’s new business-purpose lending venture, CV3, is staffed by more than 150 employees from his former company.

New non-QM and jumbo securitizations hit the market; The Mortgage Calculator launches DSCR product.

A temporary restraining order against the CDFI Fund’s notice of revocation has resulted in Change Lending regaining its status as a community development financial institution.

The new in-house home equity investment origination platform will operate through Redwood’s correspondent channel and a direct-to-consumer originations platform.

After finding success in the agency space, lenders are testing buydowns in the non-QM market.

Select Portfolio Servicing continued to dominate the sector in the second quarter. (Includes data chart.)

Altisource Asset Management reaffirmed its commitment to the non-QM space after the resignation of its CEO Jason Kopcak.

Six expanded-credit MBS started marketing within the past two weeks. There’s also a rare prime non-agency deal in the market.

Acra Lending updates guidelines; DBRS ready to rate securitizations of residential transition loans; Moody’s reaffirms ratings for Redwood Trust; MISMO updates implementation guide for home equity eNotes.

Lenders of non-qualified mortgages are continuing to reduce expenses through increased use of technology and adjusting compensation of certain employees.