The shift comes amid a slowdown in home price appreciation. Officials at the REIT said aggregation volume remains steady.

As whispers of mortgage fraud are hitting Baltimore and surrounding markets, some lenders are acting with caution.

PennyMac continues to push ahead with non-agency MBS issuance despite volatility during the second quarter.

In a rare move for a bank, the majority of Royal Business Bank’s mortgages are non-QMs. The bank is headquartered in Los Angeles and operates across six states.

New York Mortgage Trust acquired the business-purpose loan originator last week, after already owning a stake in the company.

International buyers purchasing properties in the U.S. increasingly are turning to options other than non-agency mortgages, according to the National Association of Realtors.

Douglas Elliman Real Estate launches in-house mortgage platform; Rithm Capital partners with institutional investor to fund RTLs; Roc360 raises funds for BPL acquisitions; Fidelis Investors issues second RTL securitization.

The GSEs look to follow in the footsteps of a handful of non-agency lenders by considering cryptocurrency holdings when underwriting mortgage borrowers. The impact on the mortgage market remains unclear.

Figure Lending issued a securitization of home equity lines of credit this week with AG Mortgage Investment Trust acting as the retaining sponsor, a once uncommon practice in the non-agency market that’s gaining traction.

Delinquencies and loan modifications on securitized non-QMs resumed increasing in May. Issuance from 2023 is performing worse than prior vintages while deals from 2024 have benefited from improved underwriting.