Rising interest rates are constraining originations of traditional mortgages and leading to a higher share for the expanded-credit market.

Non-QM wholesaler Cake Mortgage is posting record production this year, and plans to keep the momentum going by entering a new lending channel.

The goal should be to bring non-qualified mortgages into the same digital workflows as the rest of the mortgage business, rather than into a separate process, according to industry stakeholders.

Total impairments for securitized non-qualified mortgages rose by 14 basis points from July to August.

During a LoanNEX webinar, speakers discussed how increasing interest rates allow the non-agency market to step in, with investors driving demand.

Non-qualified mortgage cash-out refinances perform more than three times worse compared to agency cash-outs, according to a new analysis.

Carrington Mortgage Services said one of the changes included lowering the eligibility threshold for an alternative-documentation borrower to a FICO score of 550.

Mbanc started a private client lending platform to fill an overlooked part of the non-QM market.

The number of self-employed workers is rising, helping boost originations of bank statement and investor loans.

Many expanded-credit MBS are performing better than Fitch Ratings’ initial expectations. The rating service also completed a review of ratings on jumbo MBS, resulting in more limited upgrade activity.