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Propy Originates Crypto-Backed Loan for Condo

February 7, 2025
James Dohnert
Borrowers working with the lender can use Bitcoin or Ethereum cryptocurrency as collateral.
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News Briefs

February 7, 2025
James Dohnert
Cardinal adds new non-QM products to wholesale channel; Rate launches new BPL offerings; RCN Capital acquires loan origination system technology provider.
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A&D to Acquire Flagstar’s TPO Business

January 24, 2025
James Dohnert
The deal is expected to boost A&D’s originations of agency loans. The lender has so far focused on expanded-credit mortgages.
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Rate’s Non-QM Lending Reaches New Heights in 2024

January 24, 2025
James Dohnert
Changing market dynamics and training efforts provided a boost to Rate’s non-qualified mortgage business last year.
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Non-QM Lender Launches Delegated Correspondent Products

January 24, 2025
James Dohnert
Newfi has a new line of non-qualified mortgage products for delegated correspondent lenders.
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More Opportunities for Nonbank Lending Expected in 2025

January 24, 2025
James Dohnert
Bank exits and interest rate uncertainty could create new opportunities for nonbanks to acquire loans from depository balance sheets.
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Home Equity Investments Are Subject to TILA, CFPB Says

January 24, 2025
James Dohnert
The outcome of the case could have a major impact on the home equity investment market.
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CFPB Considers ATR Compliance in New Lawsuit

January 24, 2025
James Dohnert
The CFPB sued Vanderbilt Mortgage and Finance, alleging the manufactured-home loan lender failed to meet ability-to-repay rules when originating non-qualified mortgages.
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News Briefs

January 24, 2025
James Dohnert
Redwood announces debt offering; Newfi invests in Dunmor; Visio appoints new CEO.
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Redwood’s Aspire Platform Increases Expanded-Credit Offerings

January 10, 2025
James Dohnert
Redwood said it will now aggregate bank statement loans, CPA-prepared profit-and-loss statements and debt service coverage ratio loans through its Aspire correspondent platform.
Read More
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