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Alternative-Doc Loans Pique Lenders’ Interest

September 22, 2023
James Dohnert
Lenders are considering alt-doc loans to drum up originations in a highly compressed market.
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Saluda Grade Expands Efforts on Home Equity Agreements

September 22, 2023
James Dohnert
Saluda Grade has ramped up its efforts in the home equity agreements space with new securitizations and lines of credit.
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Second-Home Market Falters

September 22, 2023
James Dohnert
New regulations around short-term rentals have put the squeeze on mortgages for second homes.
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Team Behind Civic Launches New BPL Lender

September 22, 2023
James Dohnert
Former Civic Financial President William Tessar’s new business-purpose lending venture, CV3, is staffed by more than 150 employees from his former company.
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News Briefs

September 22, 2023
James Dohnert
New non-QM and jumbo securitizations hit the market; The Mortgage Calculator launches DSCR product.
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Court Favors Change Lending in CDFI Case

September 8, 2023
James Dohnert
A temporary restraining order against the CDFI Fund’s notice of revocation has resulted in Change Lending regaining its status as a community development financial institution.
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Redwood Launches Home Equity Investment Platform

September 8, 2023
James Dohnert
The new in-house home equity investment origination platform will operate through Redwood’s correspondent channel and a direct-to-consumer originations platform.
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Lenders Bring Buydowns to Non-QMs

September 8, 2023
James Dohnert
After finding success in the agency space, lenders are testing buydowns in the non-QM market.
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Nonprime Servicing Portfolios See Steady Growth in 2Q

September 8, 2023
James Dohnert
Select Portfolio Servicing continued to dominate the sector in the second quarter. (Includes data chart.)
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Altisource Loses CEO, Will Stick With Non-QMs

September 8, 2023
James Dohnert
Altisource Asset Management reaffirmed its commitment to the non-QM space after the resignation of its CEO Jason Kopcak.
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