Non-agency mortgage lenders were alerted to fraud tied to appraisals over the summer, and months later, fraud in the non-QM market is still present.

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.

Ares Alternative Credit will purchase non-qualified mortgages from LenderMAC, as well as provide strategic capital to the lender.

A federal court vacated its prior decision on a case regarding regulation of home equity investment products, allowing a lower court’s decision to dismiss the case to stand.

Newfi Wholesale launches bank statement analysis offering; Columbia Threadneedle Investments partners with Long Run Partners to securitize non-agency mortgages.

Fitch Ratings revised its rating outlook for Select Portfolio Servicing from negative to stable, citing a new owner for the nonprime servicer and other factors.