Non-qualified mortgage cash-out refinances perform more than three times worse compared to agency cash-outs, according to a new analysis.

Ameritrust Mortgage sued a group of investors, brokers, appraisers and title companies for a fraud scheme that allegedly caused $14 million in harm to the lender.

In recent weeks many lenders increased their loan limits for conforming loans ahead of anticipated increases by FHFA.

Edgar Matthews & Co. hires non-agency analyst; Nada Holdings enters forward-flow purchase agreement; BSI Financial Services makes non-agency hire; Beeline launches bank statement platform; Friday Harbor adds support for investor loans.

Carrington Mortgage Services said one of the changes included lowering the eligibility threshold for an alternative-documentation borrower to a FICO score of 550.

Industry experts suggest that mortgage lenders educate themselves on fraud red flags and ensure proper safety procedures are in place.

Mbanc started a private client lending platform to fill an overlooked part of the non-QM market.

The number of self-employed workers is rising, helping boost originations of bank statement and investor loans.

Many expanded-credit MBS are performing better than Fitch Ratings’ initial expectations. The rating service also completed a review of ratings on jumbo MBS, resulting in more limited upgrade activity.

A growing non-QM MBS sector might be hamstrung by a lack of uniform underwriting and a variety of smaller originators.