Chimera Investment took a loss of $580,000 in the third quarter of 2025 due to an increase in expenses related to its acquisition of HomeXpress Mortgage.
Knock launches bridge loan product; Arrive Home expands Earned Equity Program; Angel Oak launches a rental AVM; Foundation Mortgage hires Samuel Bjelac.
Annaly Capital Management and its subsidiary, Onslow Bay Financial, had a strong third quarter, with $2.3 billion in locks of expanded-credit mortgages.
The company has expanded its issuance of non-agency MBS beyond GSE-eligible mortgages for non-owner-occupied properties, adding traditional GSE mortgages to the mix.
Redwood Trust’s core operations were profitable in the third quarter, including record mortgage acquisitions. However, sales of legacy assets prompted a loss at the real estate investment trust.
The mortgage-banking division of Rithm Capital originated $1.0 billion of non-qualified mortgages in the third quarter, up 42.9% from the previous quarter.