The correspondent share of nonconforming originations returned to the double digits in the fourth quarter of 2024. Though for the full year, correspondents lost market share.

The lender is seeing strong demand from borrowers and the secondary market for non-agency business purpose loans.

Homebuilder Lennar and First-Citizens Bank & Trust posted strong increases in originations of adjustable-rate mortgages.

Loan originators are looking to bank statement and DSCR loans to boost production in a higher-for-longer interest rate environment, according to Tom Hutchens, president of Angel Oak Mortgage Solutions.

Tomo said it can save the typical homebuyer $4,000 at closing through the use of its AI underwriting software.

Fix-and-flip operators saw increased competition in some areas in the fourth quarter, but are optimistic for growth in 2025.

Santander Bank joins non-QM MBS issuer ranks; Annaly starts securitizing HELOCs; AFR improves pricing on non-owner-occupied loans; A&D Mortgage launches AUS platform for non-QM loans.

Jumbo originations increased by more than double digits from the third to the fourth quarter of 2024. On an annual basis, the jumbo share of total originations held steady. (Includes data table.)

Loan officers are learning about new financing options to help homebuyers better navigate today’s high interest rate environment.

New non-QM lender opens shop; Angel Oak REIT posts 4Q loss; A&D Mortgage and Imperial Fund look to attract more insurance company investors through a new partnership with Clearwater Analytics.