A coalition of 23 housing groups offered an enthusiastic endorsement of Scott Turner as secretary of the Department of Housing and Urban Development.

Nick Bhargava, co-founder and executive vice president of regulatory affairs at Groundfloor Financing, said the current lack of affordable housing inventory has caused real estate investors to look to fix and flip more properties.

The non-agency servicer has 32 full-time computer programmers.

Redwood is adding DSCR, bank statement and P&L loans to its Aspire correspondent platform.

For 2025, analysts at Morningstar DBRS predict modest home sales, modest price appreciation and mortgage rates oscillating around the 6%–7% range.

Redwood has issued eight consecutive prime non-agency MBS where Rocket Mortgage was the top contributor of loans.

Interest rates on mortgages increased to a level last seen in July 2024.

The increase in November was tied to hurricanes, though impairments have increased for seven consecutive months.

Shellpoint handled $6.70 billion of servicing of non-agency MBS issued during the third quarter.

Annaly Capital Management is preparing to issue the first non-agency MBS of 2025.