Cardinal adds new non-QM products to wholesale channel; Rate launches new BPL offerings; RCN Capital acquires loan origination system technology provider.
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.
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.