The HELOC program will use 12 or 24 months of bank statements for income verification.

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

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

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.

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

NewFi Lending is touting its EquityChoice product as one of the first new mortgage products to hit the market in more than 30 years.

New legislation that would make it easier for workers in the legal cannabis industry to receive mortgage financing is unlikely to pass the Senate in 2024.

Planet Home Lending plans to grow its construction loan volume this year and recently hired a construction sales manager.

The amount of fix-and-flip properties sold in the third quarter of last year was down slightly but investors are hopeful that the market will pick up steam in 2024.