Impairment rate on non-QMs declines; new issuers of home equity loan securitizations; bank offers new jumbo ARMs via wholesale channel; proprietary reverse-mortgage product from Liberty Reverse Mortgage.

A new bill sets exemptions for secondary market participants after a state regulator established deeply unpopular licensing requirements at the beginning of the year.

Moody’s affirms assessments on Redwood; Deephaven loosens DSCR underwriting; Dan Perl update; ARDRI acquires expanded-credit lender; new proprietary reverse mortgages from Mutual of Omaha Mortgage.

The subservicing solution is designed to manage the unique challenges of servicing home equity lines of credit.

Shellpoint handled servicing on 26.6% of the dollar volume of non-agency MBS issued during the fourth quarter.

The total amount of nonprime servicing handled by a group of 20 specialists rose 2.2% from the end of the third quarter to the end of 2024. (Includes data table.)

The deal is expected to boost A&D’s originations of agency loans. The lender has so far focused on expanded-credit mortgages.

The CFPB sued Vanderbilt Mortgage and Finance, alleging the manufactured-home loan lender failed to meet ability-to-repay rules when originating non-qualified mortgages.

New York Mortgage Trust to issue a $75.0 million debt offering; Morningstar DBRS deems Radian unit “acceptable” for third-party due diligence; Arc adds new executives. Page 8.NYMT to issue a $75.0 million debt offering; Morningstar finds Radian "acceptable" for third-party due diligence; Arc adds new executives from Flagstar and Newrez.

Shellpoint handled servicing on 32.3% of the non-agency MBS issued during the third quarter. (Includes data table.)