The real estate investment trust originates non-qualified mortgage, home equity and agency loans through its NewRez unit, and funds residential transition loans through its Genesis Capital affiliate.

Carrington hires Winokur; Newfi expands EquityChoice product to new states; Loanstream offers special pricing for non-QMs.

Better joins a number of other nonbanks offering home equity loans as traditional refinance business is slow.

CMS launches ITIN product; Liberty Home Mortgage to start using FICO Score 10 T for nonconforming loans.

Credit standards for jumbo mortgages loosened in March. The changes came as home prices continue to increase.

Verus Mortgage Capital has grown its non-agency MBS issuance as more investors show interest in the expanded-credit mortgage market.

Higher interest rates and tighter lending standards led to a decline in income at the business-purpose lender.

Ocwen to rebrand as Onity; Planet Home Lending adopts new FICO Score 10 T; insurance coverage a growing concern for real estate investors; NQM Funding loosens guidelines; Arch Mortgage Funding expands non-QM acquisitions.

Delinquencies on non-QMs are starting to keep some senior managers up at night. The fear: a wave of buyback requests.

A recent victory in court for Sharestates could lead to increased originator protections in the business purpose lending market.