Originations of expanded-credit mortgages declined in the first quarter, but not as much as total first-lien production. Trends among expanded-credit lenders were decidedly mixed. (Includes data chart.)
At a non-QM conference this week, leaders of non-QM operations detailed the importance of education for lenders looking to expand their book of business.
Deephaven Mortgage and Arc Home are looking to add to their operations and sales teams to take advantage of upcoming opportunities in the non-QM space.
Velocity Financial reduced its production of business purpose loans for the second consecutive quarter but remained profitable in the early months of 2023.
Republic First Bank exits mortgage business; LoanNex’s non-QM marketplace comes to LendingPad; Former Athas Capital CEO to launch non-QM shop; new non-agency MBS; Maxex debuts program for alternative-doc loans.