Angel Oak executives believe home equity products for self-employed and non-QM borrowers could be a growth area for brokers this year.

CrossCountry Mortgage has agreed to exclusively use FICO 10-T scores for loans securitized through its CROSS shelf.

The tool for non-QM lenders is designed to help replace the 1007 form traditionally used for appraising rental properties.

Downpayments has secured funding allowing it to offer downpayment loans for investment properties secured by a second mortgage.

Buy-before-you-sell loan provider Calque has filed a patent for parts of its Trade-In Mortgage product.

A&D Mortgage has debuted a mortgage program designed to provide new homeownership options for non-permanent residents who have an individual taxpayer identification number issued by the IRS.

New expanded-credit mortgage-backed securities from Angel Oak Mortgage, A&D Mortgage, CrossCountry Mortgage and Invictus Capital Partners started marketing in the last two weeks.

Angel Oak promotes chief investment officer; mortgage credit availability for jumbos drops in December; Logan Finance hires Paramount Residential Mortgage Group alumnus.

Non-QM lenders forecast growing origination volumes and a need for more staff to handle increased production.

Delinquencies on non-qualified mortgages spiked in November, adding to a “worrying” trend, according to dv01.